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Thursday, March 28, 2024

SP 500 September Futures @ Noon

SP 500 September Futures @ Noon

Courtesy of JESSE’S CAFÉ AMÉRICAIN

Stocks fell from overnight highs on higher than expected unemployment claims this morning.

A test of the pivot point support is underway. I would expect it to hold and perhaps recover after the Europeans have gone home to their folks and blokes, but if it gives way, which would be a clear break of the lower bound of that ‘pivot channel’ then its a new game, as they say.

 

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