Stock market today: S&P 500 in weekly win as Fed shakeup stokes rate-cut hopes

Gilts came close to testing the high and the low of the last 7 sessions.
Support today at 119.22 then 119.05. Watch for a bounce from here but if we break 118.90 we can try longs at 118.78 with a stop below 118.68 for a test of 118.58/56. Below here we risk another test of yesterday’s low at 118.33, with the November low at 118.27.
Yesterday’s high was 119.50, with last week’s high at 119.60. So a break above here leads us to 119.76/79 then 119.87. Above here look for 119.94, possibly 120.05.
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