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Equity Roundup: Bounce Of Recent Lows

US STOCKS
  • US equities came under pressure in recent trade, the e-mini S&P futures unwinding the modest advance after JOLTS data (openings 10.824M, quits rate dipped 0.1pp to 2.5%n January; private quits to 2.8% from 2.9%).
    Front-month futures extended session lows to 3977 before rebounding to 3997.
  • Front-month futures extended session lows to 3977 before rebounding to 3997.
  • Chairman Powell's second testimony to Congress underway with opening remarks from senators.
  • From a technical standpoint, a continuation lower would pave the way for weakness towards the next key support at 3925.00, March 2 low. This level is a bear trigger, and a breach would confirm a resumption of the bear leg that started on February 2.

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