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S&P 500 Technical Analysis - Key support in sight

The S&P 500 selloff has been remarkable with key levels being breached with no hesitation as the sentiment turned negative. The reason for the selloff is unclear as the US data has been supporting the soft-landing narrative but the sharp slowdown in the Chinese economy is expected to infect the other advanced economies and drag the global economy down. Moreover, the quick rise in long term Treasury yields is also tightening financial conditions with real yields approaching the levels last seen d... Read More

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Posted: Aug 21 2023, 06:02

Author Name: forexlive

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