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This market update is for educational purposes only and not a recommendation to buy or sell any stock, ETF, or Futures Contract. The speaker identifies as a chart pattern trader and claims to be a guiding light in times of confusion and doubt. They are described as a charting prodigy, trader extraordinaire, king of the chart, truth detector, maestro of momentum, and doctor of dump and pump. The analyst mentions that the S&P is stalling at the 50 period moving average and the cloud in the weekly timeframe. They discuss potential rejection at this level due to negative divergences forming. The speaker utilizes indicators proven to be correct 97.1% of the time.
