SP500 technicals – from JPMorgan’s M Krauss - Break 1205 and the 1194 March 11 channel, after Mon’s 1219 downside reversal day. Next support is 1175/1170. Bulls need to close back above 1194 and 1205 to assert new highs. Absent that, a close below 1170 sets up a test of the key 1150 Jan high. Retain 1225-1240 macro targets.
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