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Opening-Bounce Fails, S&P Tumbles Below Key Technical Level

Having tumbled over 200 points in the pre-market ahead of the open, the algos attempted the ubiquitous momo ignition but it failed and US equities accelerated lower…

With the S&P breaking back below its all-important 200DMA

10Y Yields are tumbling too – is it time for stocks to catch down to reality?

 

Source: zerohedge.com

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