= 070 Daily Indicator (Trend) Review

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Lawrence Stanczak

Long Term: Bullish>2010/ Intermediate Term: Bullish >2065/ Short Term Bullish >2080, Neutral < 2080, Bearish < 2065
The purpose of this list is to assess market trend and risk using Intermarket analysis of Commodities; Currencies; Bonds; and Stocks as well as Risk Appetite (VIX, CPC, Rato Studies, etc) and Foreign Markets. Nomenclature: Intermediate Trend (IT): 3 or more Months; Short Term (ST) generally 3 days to 3 weeks.

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000 Commentary

5/27/16 Levels to Be Aware of:

2131/2136 - All Time Closing High (5/21/15); Weekly R2; All Time High (5/20/15)
2116/2120 - Start of downtrend on 11/3/15; Weekly R1
2100/2106 - Round Number; Monthly R1; High of four weeks ago (start of current swing lower)

2099 - Last Week Close; Last Week High

2080/2085 - Prior Support/Resistance; Weekly PP
2064/2070 - 20 DMA (declining); Weekly S1; 10 and 50 DMA; Monthly PP
2044/2050 - YTD Breakeven; Last Week Low; Prior Support/Resistance
2029/2030 - Monthly S1; Weekly S2
2021 - 150 DMA
2011/2013 - 200 DMA (close 4.4% above, declining); Weekly S3
1993/2000 - Monthly S2; 100 DMA; Round Number
1980 - Prior Support/Resistance
1950/1953 - Prior Support/Resistance; Monthly S3
1920 - 10% below SPX High
1900 - Round Number
1867 - 2015 Low
1834/1839 - 38% Retracement of rally from Nov 2012 Low to $SPX High
1810 - Feb and 2016 Low
1800 - Round Number
1781 - 50 % Retracement of Rally from Nov 2012 Low to $SPX High

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