S&P 500 may go sideways but ultimately it will go down

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See the notes on the chart. The S&P had its shot with the vaccine rally, but could not hold. At this point, it looks like there is too much resistance to go any higher. The key to look for is if it breaks above the resistance (red/black) or breaks down below the dark red (brown) support.

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ملاحظة

2:40pm