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S&P snapping back after retest of Mon Lows- Wed am Technical Video- Charts showing key areas of importance

Wed am Technical Video

https://stme.in/NcemqfHjZN

 

 

S&P now up 26 handles from 4 hours ago back to positive territory, as Retest of Mon lows reversed and now up to near yesterday's highs- Area at 2735-7 will have significance, and over this on a close today would go a

long ways towards thinking a successful retest has been made and markets can potentially rally into early July- Yields have bounced to 2.87 from earlier breakdown -   US Dollar also gaining ground, WTI crude higher by 1%..  Gold flat..   Durable goods expecting -1%..  and at -0.6%. a bit better ..   Cap Goods orders Nondefense Ex  whiffed at -0.2% vs 0.5%... though positive revision from 1% to 2.3%.   so Net-Net, this is a positive

Early gainers in CARA, CLPS, SCYX, WWE, DAC, ACRX, I, WTI, GALT, MDCO, GIS, XNET, CSII..   Decliners in AQXP, PTIE, DRRX, CLDC, CAG, GBT, PF, SBGL, AU

 

S&P- Trend will remain negative UNTIL 2737 can be exceeded for S&P..   and Yields and banks still breaking down.. so we’ll need to see some further followthrough today into tomorrow to think any sort of low is at hand

 

S&P- Hourly charts-  For today.   2735-7 will continue to have importance..   Over on a close would be significant technically in breaking out above prior highs from yesterday along with the minor downtrend.. so this would be a positive near-term.   2747 has further importance

 

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Yields have also trended lower over the last few days and now today’s bounce up to near key levels but not over

2.88% important for 10yr TY

 

 

DXY- Rally back in USD along with both Stocks and Yields

 

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