| But these are the key levels for the S&P500. |
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| If the S&P500 is below 5600, which is about 560 for $SPY, then that's a big problem for the direction of the market. Below 560 and this is not an uptrend, but a sideways trend at best, and possibly even a downtrend. The Nasdaq100 $QQQ already broke that level and is still stuck below it. 500 is the equivalent level for the QQQs. |