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Markets flirting with breakdown as UNDER 2560 has importance

Minor gains premkt with the majority of DJIA Futures gains coming from CAT and GM pre-mkt lift, both of which had gotten very overbought, but are both extending again-  Europe is mixed, with broader SXXP down while italy and Spain higher-  Treasury yields also spiking globally and important with TNX back up to 2.40% an important level given that this had been hit back in October but also this past Summer - overall, S&Ps' pullback yesterday got down to.. but not UNDER prior lows which hasn't happened since early September but momentum indicators are turning lower, as per MACD crossover and might very well be important similar to what happened on prior occasions this year, each time which preceded at least a minor pullback-  UNDER 2560 is important and negative on a close today.. and should be watched carefully.   Premkt gains today, as mentioned in CAT, GM but also HMNY, OCUL, GPK, VKTX, PII, SWK, ALXN, AMTD, LLY, HES, while on downside-   HNI,WHR, MAS, MSFT, OMC, BIIB, CNC

 

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