Fairly quieter day after yesterday’s sell off although we should consider that volumes are lower today (on an up day) vs yesterday’s. The S&P had its worst day in 2 weeks and the Russell closed down -4.3% overnight. Short term support levels are at 2600 / 2621 on the S&P and 1252 / 1266 on the Russell. Here in EU, equities erased some of the losses at the open but have since traded sideways. Our main concern remains the FTSE MIB, which faltered below the Dec 2018 low of 17914 yesterday. Short-term support is at 16000 / 16400 – worth keeping an eye on it.
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