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Post-PCE Strength Persists for E-mini S&P

  • Upside in equities persists here after the earlier PCE data, tipping the e-mini S&P north of resistance at the Mar 6 high of 4116.50 and also above the 2.0% 10-dma envelope (4103.6) - a level that historically indicates the index can appear technically overbought.
  • Nonetheless, further strength here opens 4148.48, the 76.4% retracement of the Feb 2 - Mar 13 downleg
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