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TECHS: Path of Least Resistance Remains Down

EQUITIES
  • S&P Fut (Z0) have this week cleared former support at 3286.00, Sep 9 low and the 50-day EMA. Scope is seen for weakness towards 3181.75 next, Jul 24 low.
  • EUROSTOXX 50 has this week cleared the former key support at 3173.98, Aug 3 low. This opens 3100.00 and below towards 3054.11, Jun 15 low.

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