$SPX On Friday the S&P continued higher and stalled just before our first target of 3290. The S&P then proceeded to fall into the close and stopped right at our first support zone of 3260. Today we are set to open in the middle of Fridays range, which makes the upside targets 3290 & 3320 and our downside supports are once again at 3260 and then 3230. Views stated in this letter are not necessarily the opinion of Cetera Advisor Networks LLC and should not be construed directly or indirectly as an offer to buy or sell any securities mentioned herein. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed. Past performance does not guarantee future results. Investors cannot invest directly in indexes. The performance of any index is not indicative of the performance of any investment and does not take into account the effects of inflation and the fees and expenses associated with investing. Charts courtesy of TD Ameritrade.
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