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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EQUITY TECHS
- RES 4: 4267.25 2.0% 10-dma envelope
- RES 3: 4239.26 1.764 proj of the Feb 1 - Feb 16 - Mar 4 price swing
- RES 2: 4238.25 High May 10
- RES 1: 4185.50 Intraday high
- PRICE: 4132.75 @ 13:42 BST May 11
- SUP 1: 4135.30/110.50 Bull channel base / Low Apr 20
- SUP 2: 4110.50 Low Apr 20 and key support
- SUP 3: 4058.02 50-day EMA
- SUP 4: 4021.00 Low Apr 5
S&P E-minis continues to face resistance and are weaker today as the pullback from yesterday's high of 4238.25 extends. Two support levels have been exposed; 4135.30, the bull channel base drawn off the Mar 4 low and 4110.50, the Apr 20 low. A break of the latter would confirm a channel breakout and signal potential for a deeper corrective sell-off. Price needs trade above today's 4185.50 high to ease the developing bearish threat.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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