The thesis of a top being in for SPX is still valid

S/R Levels For Next Week Are Out

The thesis of a top being in for $S&P 500(.SPX)$ is still valid (See the $DJIA(.DJI)$ , an index without $NVIDIA Corp(NVDA)$ & $GameStop(GME)$ )

This is my golden tool to confirm technical signals, the bullish above / bearish below approach is useful when the levels are set correctly.

This week SPX, DJI, $Tesla Motors(TSLA)$ , $Amazon.com(AMZN)$ and many others broke the central level, showing first signs of turbulence in the market (7 levels are published).

$VanEck Gold Miners ETF(GDX)$ retraced from the first resistance level on Monday, $WTI Crude Oil - Dec 2024(CL2412)$ continues moving down and #Silver suggests a top.

Golden tool published.

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https://x.com/SmartReversals/status/1794118598471876973

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  • WebbBart
    ·05-25
    The S/R levels are on point, confirming the technical signals.
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  • The chart you shared is a great visual aid.
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  • Great article, would you like to share it?

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  • Kevinshn23
    ·05-25
    Great
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