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S&P 500 continues to hover around the 10-EMA

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S&P 500 continues to hover around the 10-EMA

If the price slides below the 4,100 point mark, a further drop in price to the 50 EMA in the daily chart at 4,080 points would be expected. The 50 EMA is often seen as a starting point for a correction in the extension. Below that, support around 4060 points would be the next target. On the upside, resistance around 4,160 points is containing the bulls’ momentum.

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