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S&P 500 Testing the Stage 2 Breakout Level and US Stocks Watchlist – 18 May 2023

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The S&P 500 ($SPX) today pushed up to the top of the current Stage 1 base structure to test the February 2nd pivot high, and so there's potential for a Stage 2 breakout attempt if there's follow through on Friday's session.

The Nasdaq 100 index ($NDX) made its Stage 2 breakout seven weeks ago in the final week of March 2023, and this week has seen in the broader Nasdaq Composite ($COMPQ, IXIC) index also make a Stage 2 breakout attempt.

There were 22 stocks highlighted from the US stocks watchlist scans today

AEHR, MU, DKNG, DUOL + 18 more...

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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.