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S&P 500 Slide is Stretched While Majors Positioned for Various Reversals

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The S&P 500 carried over the bearish momentum that risk trends experienced last week, but the index looks stretched and faces significant technical barriers ahead. Meanwhile, the Dollar-based majors are staged for technical reversal with event risk and liquidity conditions blurring the intent for the next stage.






DailyFX and IG.jpg

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