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S&P e-mini shows sign of market top in place

December 15, 2022 by Jim Wyckoff

See on the daily bar chart for the March e-mini S&P futures that a price uptrend has been negated. This week’s price action, whereby prices spiked to a three-month high and then promptly backed way off, suggests the bulls have run out of gas and that a near-term market top is in place. See the important technical support and resistance lines on the chart. Stay tuned! Jim Wyckoff

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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