INDEX:SPX   S&P 500 Index
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Despite Thursday's and Friday's sell off the SPX             is still in a bullish up trend. Key levels to watch for -1729 if price can have a strong daily close above this level it could indicate higher prices to come, possibly even targeting the gann 1/4 - 1630 May's close has been a key level for support and resistance , a break under 1630 could indicate a correction - 1549 this is a key level for the SPX             to stay in a bull market, a strong monthly close below 1549 and the gann 1/3 would indicate a bear market has commenced. 1549 was the 2000 high and 2007 close high, this level showed a top two times, 1549 could now be an inflection point, hold above this level along with the gann 1/3, bull market , break below, bear market.
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