March 08, 2023 18:53 GMT
Stocks Extend Lows, Breach Support
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- US equities continue to ebb in recent trade, the e-mini S&P futures extending session lows in the last few minutes, with front-month futures at 3973.0, just through technical support of 3974 (March 3 Low).
- The latest move lower signals the end of the recent corrective bounce with focus now on the next key support levels of 3925.00/3901.75 (Low Mar 2 / Low Jan 19) - bear triggers where a breach would confirm a resumption of the bear leg that started on Feb 2.