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Long term support from the 2020 bottom. For reference.

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Some support and resistance lines on the S&P 500. Important to keep in mind the long term support line from the 2020 bottom.

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This is a follow-up to my previous post showing where I am drawing my original support line with a test.

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The bottom line is from the 2023 low, which may be our ultimate target. There is a very good chance Trump walks back the tariffs because he is like that. Talks tough and then cowers when his ideas are shown to be problematic. If they walk the tariffs back, we likely get a relief rally, but the ultimate direction is down.