SP500 pulled back from 3588 high on Wednesday 2nd September and fell to 3349 on Friday 4th September, a 6.6% draw down. Bulls need to close above 20sma 3430 and then challenge the falling 5sma 3498. Bears will look to tag the 50sma 3299 and prevent any substantial move more than 1% above the 20sma to 3464.
Range for week 8-11 September 3330-3500
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