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A Small Dip But Still Rangebound For The Session

US STOCKS
  • S&P E-minis quickly lose 10pts to ~3780 but keep within session ranges and maintain small gains on the day, with accordingly a small move higher for BBDXY back in the middle of a very narrow range for the US session.
  • Despite the retracement for ESA from last week’s high of 3928 (Nov 1), a bull cycle remains in play with resistance at the 50-day EMA of 3828.6, whilst support is seen at 3704.25 (Nov 3 low).

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