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The 18-week cycle topped at "C", and the second 9-week cycle topped at "D". The trading cycle low on 12/3 would be confirmed by a rise above the price high of 295.20 as a swing bottom is formed, indicating a rise to a trading cycle top that should remain below "D", and probably below the CD trendline. A drop below Thursday's low of 293.30 would be confirmation the trading cycle top is in place and should be followed by lower swings into the trading cycle bottom.

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