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Bounce Off Lows Deemed Corrective as Futures Fade

EQUITIES

S&P E-Minis trend conditions remain bearish following last week’s extension lower and the bearish follow through this week. Short-term gains are considered corrective. EUROSTOXX 50 futures trend conditions remain bearish despite yesterday’s recovery - gains are considered corrective. This week’s fresh cycle lows mark an extension of the reversal on Sep 13 from 3678.00.


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S&P E-Minis trend conditions remain bearish following last week’s extension lower and the bearish follow through this week. Short-term gains are considered corrective. EUROSTOXX 50 futures trend conditions remain bearish despite yesterday’s recovery - gains are considered corrective. This week’s fresh cycle lows mark an extension of the reversal on Sep 13 from 3678.00.


Keep reading...Show less