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SGD NEER Still Lagging Inflation


(N2) Eyeing Resistance


E-MINI S&P (M2): Trend Needle Points South


EGB Supply For W/C May 23, 2022


Bear Cycle Still In Play

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CABLE TECHS: Bears Now Need Close Below $1.2995
*RES 4: $1.3297 Hourly resistance Oct 2 
*RES 3: $1.3222 Low Oct 3 now resistance 
*RES 2: $1.3164 Hourly support Oct 5 now resistance 
*RES 1: $1.3129 55-DMA
*PRICE: $1.3082 @ 0430GMT
*SUP 1: $1.3057 Bollinger band base 
*SUP 2: $1.3015 100-DMA 
*SUP 3: $1.2995 High Sept 1 now support 
*SUP 4: $1.2902 Low Sept 1
*COMMENTARY: Bears were focused on the $1.3159 support Thursday and were not
disappointed with the close below that now sees immediate focus on
$1.2995-1.3015 where the 100-DMA is located. Layers of resistance add weight to
the bearish case with bulls now needing a close above $1.3164 to ease immediate
bearish pressure and above $1.3224 to shift focus back to the 21-DMA ($1.3357).
The Bollinger base is the key concern for bears.

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