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Selling Pressure Extends

EQUITY TECHS

Key support levels to be aware of in the E-minis and the EUROSTOXX50:

  • S&P futures are approaching the key intraday support at 3788.50, Jan 25 low. Note too that the 20-day EMA is located at 3784.84. A break of both these levels would signal scope for a deeper pullback.
  • EUROSTOXX50 key support lies at 3524.63, Jan 5 low and the 50-day EMA.

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