MNI BRIEF: Fed's Williams Says There's No Urgency To Cut Rates

MNI: US March Existing Home Sales Fell 4.3% To 4.19M

WILLIAMS: NOT BASE CASE TO RAISE RATES FURTHER

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

US EIA:NAT GAS STORAGE +50 BCF TO 2,333 BCF APR 12 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

E-MINI S&P (U1): Directional Triggers Defined

EQUITY TECHS
  • RES 4: 4300.00 Round Number Resistance
  • RES 3: 4264.41 1.618 proj of Mar 25 - May 10 - 13 price swing
  • RES 2: 4258.25 High Jun 16
  • RES 1: 4241.50 High Jun 18
  • PRICE: 4220.75 @ 06:59 BST Jun 22
  • SUP 1: 4126.75 Low Jun 21
  • SUP 2: 4100.00 Round number support
  • SUP 3: 4020.20 Low May 13 and key short-term support
  • SUP 4: 3967.00 High Mar 18

The recent pullback in S&P E-minis suggests the contract has entered a corrective cycle. However, price tested the 50-day EMA yesterday at 4145.50 and the average has provided support. Yesterday's rally is also potentially an important bull signal and in pattern terms is a bullish engulfing. This recent price activity has highlighted resistance at 4258.25, Jun 15 high and 4125.75, low Jun 21 as the key short-term directional triggers.

Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.