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US Futures Extending Losses, ES1 Approaching Support

  • Broad-based risk aversion continues to weigh on equities globally, with US futures hitting the lowest levels of the session. The e-mini S&P is now trading at new August lows and fast approaching first support at the 4341.36 50-dma.
  • A break below here exposes losses toward the 4300 handle initially ahead of firmer support expected at 4224.00.
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