Looks like a test of the 5o-day for the S&P500 is a no brainer (we get nervous over this term) as we broke the weekly lows of May 6th. If the 50-day doesn’t hold, traders will likely close the April 2oth gap at 1312. 62. If that fails, look to support at the April 18th close of 1305.14 and intraday low of 1294.70. (click here if chart is not observable)
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