Another Do or Die Moment for Equities

S&P 500 futures tagged our next lower target overnight, the .618 Fib retracement at 2930.12. Notably, they tagged the SMA100 but just missed the SMA50 down at 2906.56. Most importantly, they missed the channel midline which I have felt was critical in determining whether or not we’ll see a bounce into the end of Q2.

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