In today’s briefing:
- SPX Range Ahead of Next Leg Down
SPX Range Ahead of Next Leg Down
- SPX 3,980 is where a mild bounce should unfold. 4,060 sell resistance then the set-up calls for a break below 3,980 to test lower targets.
- This next leg down will cause more damage in EM/Asia and Europe. MACD on the verge of an ugly break below the “0” acceleration line.
- US 10yr yield dip is a buy for a push above the 3.95% pivot resistance with new highs in store.
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