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Scandex Market Update – June 30

Scandinavian Capital Markets

Trading the last few days in indices and FX is best described as a summer lull. That said, SPX focus remains on 2888. Price has respected the short term median line and 25 line the last few days. Expect acceleration lower in the median line breaks. I have no opinion on whether or not the 25 line continues to act as resistance. If it does not then the upper parallel should be watched for resistance near 3120.

Scandinavian Capital Markets Review

Source: https://scandex.com/2020/06/30/market-update-june-30/
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