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S&P Slumps To Critical Technical Level

Courtesy of ZeroHedge View original post here.

A weak Manufacturing PMI and the narrative is shattered…

All the major US equity indices are at (or below) critical technical support levels:

  • Nasdaq (upper left) – broken below 50- and 100-DMA

  • Russell 2000 (lower left) – broken below 50-, 100- and 200-DMA

  • Dow (upper right) – testing down towards 50-DMA

  • S&P (lower right) – testing 50-DMA for the 3rd time in a week…

Will 3rd time be the charm for the bears?


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