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SEB: S&P500 far deeper than thought - eFXnews

FXStreet (Łódź) - The eFXnews team observe that the SEB expects a chaotic S&P500 move in the near-term.

Key quotes

"Yesterday’s dip, eh, free-fall did more than just recheck a mid-body point; it also violated support at 1,969."

"The low and bearish looking session close puts pressure on dynamic support starting at market at the high end of the bullish 'Cloud'."

"If not stopping here, the Aug7-Sep19 Fibo grid (1,954/1,919) and an 'Equality point' within at 1,947 may have to endure a test. Refs above to keep in mind at: 1,976 & 1,992/94."

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