S&P 500 Index set to break below key 200-DMA support at 4453/51 – Credit Suisse

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S&P 500 Index set to break below key 200-DMA support at 4453/51 – Credit Suisse
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S&P 500 Index set to break below key 200-DMA support at 4453/51 – Credit Suisse SP500 Banks

h theirr broader 4200/4600 ranging view, looking for a retest and then break below key price and 200-day moving average support at 4453/51.“S&P 500 has seen a fresh and what looks to be decisive rejection of key flagged resistance at 4591/95.

“Resistance is seen at 4533 initially, with 4591/95 ideally continuing to cap. A close above the 63-day average at 4623 would instead suggest the recovery can extend further with resistance seen next 4663/65 and potentially the 78.6% retracement of the January sell-off at 4691.”Information on these pages contains forward-looking statements that involve risks and uncertainties.

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