S&P 500 clears 50% retracement of Brexit drop

29 June 2016, 17:51
Sherif Hasan

Stocks back into positive territory for the year

The second day of post-Brexit gains is underway in the US stock market.

The jump at the open broke the 50% retracement of the 120 point Brexit swoon. The index is currently up 18 points to 2054. The 61.8% retracement is a key level to watch at 2066.

Beyond that is the 55-dma at 2076.

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