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Linda Raschke, founder at LBR Asset Management, highlights key technical levels for June S&P futures.
Raschke states that if the 7363 level is breached, 7155 represents the equivalent downside 'high volume node' to monitor.
Raschke has previously commented on technical structures in other markets. She noted how Sklarew boxes added structure as crude oil moved to its range midpoint. In agricultural markets, Raschke highlighted strong relative performance in November soybean contracts.