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S&P 500 – Needs to close above 2120

TVC:SPX   S&P 500
The index is poised to open higher at least by 30 points as indicated by the future.

This would mark a positive follow through after the Friday’s inverted bullish hammer at 200-DMA support.

However, that by itself is not enough to signal trend reversal. Moreover, the index needs to close above 2120 (ex- strong support, now resistance) to signal bearish invalidation, else a revisit to 200-DMA cannot be ruled out.
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