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S&P financial index continues its fall to the downside
The Silicon Valley Bank issues are spilling over into other financials. The S&P financial index is currently down -2.15% at 544.07. The low-price rate 540.13.
Technically, at the low the price, the index tested the 61.8% retracement of the move up from the October 14 low to the February 7 high. That retracement level comes in at 539.48. Dip buyers put a toe in the water against that level.
However the overall technical picture has disintegrated this week with the bears takin... Read More
Posted: Mar 10 2023, 14:59
Author Name: forexlive
Views: 111661