The pressure remains on
The S&P 500 is down 28 points at a fresh low at 2394. That erases about half of yesterday’s gain and is a test of the old July top, which is now offering support.
Technically, that’s a textbook re-test after a breakout but it needs to hold. Looking across markets, the 10-year is holding 1.23% so I’m optimistic.
This article was originally published by Forexlive.com. Read the original article here.
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