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Futures Contracts Hit Fresh Cycle Lows

EQUITIES

S&P E-Minis trend conditions remain bearish and the contract has traded to a fresh cycle low today. Moving average studies are in a bear mode position, highlighting the current trend direction. EUROSTOXX 50 futures trend conditions remain bearish and the contract has traded to a fresh trend low today. Last week's bearish extension confirms a continuation of the reversal on Sep 13 from 3678.00. Note Chinese markets are closed this week for Golden Week.


  • Japan's NIKKEI closed higher by 278.58 pts or +1.07% at 26215.79 and the TOPIX ended 11.64 pts higher or +0.63% at 1847.58.
  • Across Europe, Germany's DAX trades lower by 158.04 pts or -1.3% at 11949.52, FTSE 100 lower by 71.43 pts or -1.04% at 6820.26, CAC 40 down 91.92 pts or -1.6% at 5667.53 and Euro Stoxx 50 down 48.77 pts or -1.47% at 3268.13.
  • Dow Jones mini up 39 pts or +0.14% at 28839, S&P 500 mini down 4.75 pts or -0.13% at 3596.5, NASDAQ mini down 65.25 pts or -0.59% at 10969.75.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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