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S&P E-Minis Soft Despite Recovery From Yesterday’s Low

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S&P E-Minis remain soft despite the recovery from yesterday’s low. The outlook is bearish following last week’s reversal and break of a key short-term support at 3900.00, the Sep 7 low. EUROSTOXX 50 futures remain soft following the reversal last week from 3678.00, the Jun 13 high. Yesterday’s recovery from the day low is considered corrective. A resumption of weakness would refocus attention on a key short-term support at 3423.00, the Sep 5 low.


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S&P E-Minis remain soft despite the recovery from yesterday’s low. The outlook is bearish following last week’s reversal and break of a key short-term support at 3900.00, the Sep 7 low. EUROSTOXX 50 futures remain soft following the reversal last week from 3678.00, the Jun 13 high. Yesterday’s recovery from the day low is considered corrective. A resumption of weakness would refocus attention on a key short-term support at 3423.00, the Sep 5 low.


Keep reading...Show less