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S&P 500 in a Sharp Slide After Rejection at 61.8% Retracemen

posted by Avatar FXTimes 202 days ago in Technical, Daily, Special made popular 202 days ago

After a poor NFP (80K versus forecast of 97K and Sept’s 158K (revised from 103K)), risk sentiment was off. The S&P 500 failed to sustain a break above the 61.8% retracement of the 1288.85 to 1208.36 swing at 1258.10. The 4H chart shows a strong rejection at that coming after an 3-wave, abc correction...
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