S&P 500 Index

Support levels on the SPX500 as at 1st of August 2019

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Hi all,

So, the FED decide to lower interest rates for the first time in what... 10 years? Good stuff (or is it?). Seems silly fundamentally i know. Oh well, enough of that sort of talk.

Currently, 1 August 2019 (8.30am +GMT8), the price is 2,970. We have same support around 2,957/29,70. If we break through here, there is some serious downside ahead.

Refer to my daily chart.

Have a good day.

@bazzman78t

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