During today's session global stocks continue to trade under pressure. Looking at the S&P 500 (US500) chart from the technical point of view, one can see that the index broke below the neckline of the head to shoulder pattern, which could herald larger correction. However, it is worth noting that support levels are quite dense, giving buyers plenty of chances to regain control. The nearest support lies at 3855 pts level, where January highs are located.
US500, H4 interval. Source: xStation5
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