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E-Mini S&P Extends Current Bull Cycle

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Eurostoxx 50 futures continue to trade above 4762.00, the Apr 19 low. The contract recently traded through the 20-day EMA and resistance at 4990.00, the Apr 15 high. This highlights a potentially stronger reversal. An extension higher would expose the bull trigger at 5079.00, the Apr 2 high. Initial resistance is at 5006.00, the Apr 30 high. Key support lies at 4762.00, a break would be bearish. Initial support to watch is 4880.90, the 50-day EMA. S&P E-Minis traded higher Monday, extending the current bull cycle. The contract has traded through resistance at the 20-day EMA and is trading at its recent highs. This highlights a stronger short-term bullish condition and a continuation higher would expose the key resistance and bull trigger at 5333.50, the Apr 1 high. Initial resistance is 5246.18, a Fibonacci retracement. Firm support lies at 5036.25, the May 2 low.


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Eurostoxx 50 futures continue to trade above 4762.00, the Apr 19 low. The contract recently traded through the 20-day EMA and resistance at 4990.00, the Apr 15 high. This highlights a potentially stronger reversal. An extension higher would expose the bull trigger at 5079.00, the Apr 2 high. Initial resistance is at 5006.00, the Apr 30 high. Key support lies at 4762.00, a break would be bearish. Initial support to watch is 4880.90, the 50-day EMA. S&P E-Minis traded higher Monday, extending the current bull cycle. The contract has traded through resistance at the 20-day EMA and is trading at its recent highs. This highlights a stronger short-term bullish condition and a continuation higher would expose the key resistance and bull trigger at 5333.50, the Apr 1 high. Initial resistance is 5246.18, a Fibonacci retracement. Firm support lies at 5036.25, the May 2 low.


Keep reading...Show less