Further losses ahead after last week’s decline?

The S&P500 may have further to fall in the longer-term after last week’s 6% decline as it approaches key support levels, says Andy Dodd at Louis Capital Markets. Whilst 1900 may provide support and cause for a rally, this should ultimately prove to be a good selling opportunity as a breach of 1900 should pave the way for 1820, and beyond that, 1576.

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