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The stock market, likewise, extended its gains from the week prior as investors prepared for a busy schedule of corporate earning announcements. At the close of markets in the U.S., the S&P, Dow and Nasdaq all finished higher, up 1.19%, 0.76%, and 2.01%, respectively. The area from $22,400 to $22,500 is the first level of support below the current price action, said Eight Global analysts. “If daily candles keep closing above this area while the price is consolidating for a while, we could see a quick liquidity grab to the upside before the potential correction, despite the developing negative divergence,” the analysts warned.