The SandP 500 finally defended the June lows near 3630, leading to a recovery. Economists at Société Générale expect the rate to rise to the 200-day moving average of 070/ 120. 3815 PROTECTION IS ESSENTIAL FOR ENDURANCE „It is worth noting that the monthly RSI has so far protected the lower end of its range since 2010.” „Continued rebound may continue to the 200 DMA at 070/ 120 and the weekly gap near 218. It is worth noting that the index has been continuously trying to reach this moving average since April; these could be important resistance levels soon. .” „Protecting the short-term ascending channel near 3815 would be crucial for a sustained recovery. A break could lead to a revisit of chart levels near 3700/3630.”

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