S&P is trading below recent lows 1291-1295. The 200-Day is 1283 which we briefly touched premarket. Typically, first time indices see the 200-Day, it does try to hold. The longer we stay below 1291-1295, the higher the probability the 200-Day gives way and then we could see the level Scott discussed on Bloomberg TV yesterday: 1245-1255. There have been…
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