ST: I wrote yesterday that ‘the first mechanical sign of weakness in the ST would now be a RTH close below 7552.5 (dotted line), yesterday’s Buying Day Low’. The RTH close on Tuesday was 7552.0 according to my data.
LT: see note 07/02 on chart. Both levels mentioned, the Major Control Support at 7448.5 and the 1/2R off June high at 7493, have been tested and recovered overnight. Bulls would want those levels to hold.
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