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Copy of S&P E-Minis: Pivot Support At The 50-Day EMA

  • S&P E-minis sold off sharply Friday and despite today’s gains, remain vulnerable.
  • Attention is on the 50-day EMA at 4563.83.
  • This average has in the past proved to be a reliable support and represents a key pivot level.
  • Any signs of base building around the EMA would represent a potential bullish development in line with the underlying uptrend.
  • A clear break however would instead strengthen a bearish case.

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