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Late Equity Roundup: Extending Highs

US STOCKS
  • Stock futures are making new session highs again after brief pull-back from initial post-FOMC rally. Focus on pace of hikes to quell inflation from "ongoing rate hikes" to "some additional policy firming may be appropriate".
  • S&P emini futures through resistance (4057.5, March 9 high) marking 4069.75 session high at the moment, puts focus on 4089.39 61.8% retracement of the Feb 2 - Mar 13 downleg. A failure to hold on to recent gains would refocus attention on key support at 3839.25, the Mar 13 low.

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