I must admit I was a little worried before the open this morning. EU futures were pointing for another day in the red but luckily it hasn’t been like that – phew! EU equities recovered from a choppy start not long after the open and have been trading sideways since. In terms of levels to watch, we will have a close eye on the US this afternoon as the support levels in the region are more important in the short-term. One to focus on is the S&P, 3093.85 is its short-term support (50 dma) and 2965.66 its long-term (June low).
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