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The thesis of a top being in for SPX is still valid
@SmartReversals：
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. Image https://x.com/SmartReversals/status/1794118598471876973
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