Key market levels we are watching as equities pullback from resistance

Market levels are going to be important in the coming week. 

A classic Bear vs Bull standoff is now in play after a 30% rebound in April followed by the S&P reversing late last week from important resistance between the 62% retracement of the Q1 decline and declining 200-dma’s.Technical levels are likely to be very important in the coming 2-weeks. Most US equity markets closed at or slightly below their short-term trends defined by 15-dma’s on Friday with the S&P futures br...

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