Charting a trade-fueled downdraft: S&P 500, Nasdaq hold near-term support

U.S. stocks are firmly lower early Monday, pressured amid heightened U.S.-China trade tensions.

In the process, the S&P 500 has initially maintained near-term support (2,896) rising from an early session low (2,898) closely matching the inflection point. As always, the session close will likely add color.

Before detailing the U.S. markets’ wider view, the S&P 500’s

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