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BTFD?

David Llewellyn-Smith
Wednesday 26 February 2025
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The Market Ear with the latest on the puke.

That was quick

SPX has gone from the upper part of the range to closing in on the lower part of the range in a few sessions. Note we are below the 100 day as of writing and RSI is at the most oversold levels in a while. First support at 5920, while the bigger support comes in around the 5880 level. 200 day at 5830 (all futures).

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.