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Tech update following.........>

GLOBAL MARKET/OPINION
GLOBAL MARKET/OPINION: Tech update following yesterday's rout:
TO GAUGE MARKET SENTIMENT, WATCH THE L/T TRENDLINE IN SPX AT 2404.0!
*** Gold has found support at $1549.0, a key trendline drawn off the May 30,
2019 low. This is a key support and pivotal for both bears and bulls.
*** EURUSD retraced to 1.1064. This is the 50-day EMA and intersects at 1.1064.
It is sloping up and suggests the trend remains bullish. Yesterday's 1.1056 low
marks a near-term pivot level.
*** SPX L/T trendline support at 2404.0, drawn off the 2009 low remains intact.
We have highlighted this level a number of times this week. It represents a
major support.
*** RXM0 levels to watch are 173.83, trendline support drawn off the Mar 13 low
and 172.82, the 50-day EMA. The latter marks a key area of support. Bund futures
are correcting.

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