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21-DMA The Key For S&P 500 & DJIA E-Minis?

EQUITIES

Just worth noting that the early Asia-Pac sell-off in the e-mini S&P 500 contract was limited by the 21-DMA, which hasn't been breached since early July, despite several tests. The DJIA e-mini has also seen support kick in around its own 21-DMA during the last couple of sessions, although it has been breached on a more frequent occasion over the last couple of months when compared to the S&P 500 contract. The NASDAQ 100 contract also failed to break below its 21-DMA, as well as the aforementioned uptrend support line.


S&P 500 E-Mini Contract

Source: Bloomberg

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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