This is topic S&P 500 Breakout or Breakdown? in forum NASDAQ, AMEX, NYSE Stocks at's Bulletin Board.

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Posted by stockcolonel on :

"I believe that the market is on a verge of a breakdown, possibly testing 195. In addition to the head and shoulders there is also a wedge pattern on the SPY. This tells me that the SPY is coiling up for a big move (up/down). I think the market needs a catalyst to go higher, otherwise it will breakdown."

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