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“The Market Will Not Fluctuate”

In one of the more bizarre displays of behavior I have seen in 45 years of observing the market, the short term indicators have been running dead flat at the neutral line. Apparently the market has reached a state of perfect equilibrium and absolute stasis. JP Morgan has arisen from his grave to pronounce, “The market will not fluctuate.” Meanwhile, there are a number of sell signals, but they are contradicted by price projections of 1400-1430 on the 13 week through 10-12 month cycles. Whether they get there or not appears to depend on whether the market breaks 1360 or 1340 first. This report illustrates exactly why.

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S&P 500 Chart
See the full sized chart with a complete explanation and analysis and get daily updates on the 4 week, 6-7 week, 13 week, and 6 month cycle projections in the Wall Street Examiner Professional Edition Daily Market Update. In addition you get multiple time frame cyclical, regression channel, and equal width channel support and resistance chart updates, in essence, a roadmap to guide your trading, daily in the Wall Street Examiner Professional Edition Daily Market Update.









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