Well, hello support...
Given momentum's extended deterioration (bottom panel) now finding this measure in a precarious position, $SPX support revisited today might imminently give way and become tomorrow's resistance.
A possible head-and-shoulders top has formed, as well, since early-February. Symmetry and volume pass muster. Once neckline support is broken, volume should notably increase, raising prospect April 1st might mark a major top in the S&P 500.
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