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S&P500 faces strong support around 2000, break below targets 1945

  • Major support - 2000 
     
  • Any break below 2000 will drag the index down till 1960/1940 in short term.
     
  • Minor bullishness only above 2040 and any indicative break above will take the pair till 2060/2085
     
  • Overall bearish invalidation only above 2105.

It is good to sell on rallies around 2010-2020 with SL around  2040 for the TP of 1965/1942

 

  • Market Data
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