= 070 Daily Indicator (Trend) Review

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Lawrence Stanczak

Long Term: Bullish>2100/ Intermediate Term: Bullish >2165/ Short Term Bullish >2175, Neutral < 2175, Bearish < 2150
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

9/23/16 Levels to Be Aware of:

2200/2204 - Round Number; Weekly R2
2190/2194 - All Time Closing High (8/15/16); All Time High (8/15/16); Monthly R1
2180/2184 - Last Week High; Weekly R1
2159/2171 - 50 DMA; Monthly PP

2065 - Last Week Close

2160/2161 - Weekly PP; 20 DMA (declining)
2148 - 10 DMA (declining); Monthly S1; August 2016 Low
2136/2140 - Last Week Low; Weekly S1
2123/2125 - 100 DMA; Monthly S2
2116 - Weekly S2
2096/2102 - Weekly S3; 150 DMA; Round Number; Monthly S3
2080 - Prior Support/Resistance
2061 - 200 DMA (close 5.0% above)
2044/2050 - YTD Breakeven; Prior Support/Resistance
2000 - Round Number
1992 - Reaction Low for current move higher
1980 - Prior Support/Resistance
1970 - 10% below SPX High
1900 - Round Number
1867/1871 - 2015 Low; 38% Retracement of rally from Nov 2012 Low to $SPX High
1810 - Feb and 2016 Low
1800 - Round Number
1769 - 50 % Retracement of Rally from Nov 2012 Low to $SPX High

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