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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

E-MINI S&P (U1) Broader Uptrend Resumes

S&P E-minis are trading higher and price has moved above the contracts former high of 4228.25 on May 10. The break confirms a resumption of the broader uptrend and signals potential for a fresh round of gains with the next objective at 4264.41, a Fibonacci projection.

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  • E-minis are trading higher and price has moved above the contracts former high of 4228.25 on May 10.
  • The break confirms a resumption of the broader uptrend and signals potential for a fresh round of gains with the next objective at 4264.41, a Fibonacci projection.
  • Further out, the break higher also opens 4300.00 next.
  • Initial firm support is at 4155.00, Jun 3 low. The broader medium-term trend support is at 4020.00, May 13 low.