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Broader stock indices tilt the technical bias to the downside. What next?

Broader stock indices tilt the technical bias to the downside. What next?
The JOLTs job openings sent yields higher once again. The 10 year yield is up to 4.776% now up 9.4 basis points. There is no relief in the US debt market. That has stopped moving sharply lower. Looking at the hourly chart of the S&P index below, the broad index is trading down 1.4%, and in the processes now looking toward the 50% midpoint of the move up from the March low at 4207. Below that, the natural support of 4200 will be eyed. Of note is that the 50 hour moving average (black moving ave... Read More
Posted: Oct 3 2023, 15:39
Author Name: forexlive
Views: 082936

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