Global equity markets continued whipsawing last week with no clear direction. SPX held near term trendline and 50 day sma support but is trading "heavy". Trapped longs above 1650 seem to be capping upside market progress for now. Critical near term support remains at 1600 and if broken, expect a fast move lower to measured targets around 1520. Resistance remains around 1655/60. I have conflicting signals here. The intraday EW counts look corrective to the downside and remain impulsive to the...

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