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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
E-MINI S&P (H3): Bear Threat Remains Present
- RES 4: 4168.50 High Feb 16
- RES 3: 4096.00 High Feb 17
- RES 2: 4047.25 20-day EMA
- RES 1: 4023.15 50-day EMA
- PRICE: 3982.75 @ 07:51 GMT Mar 1
- SUP 1: 3947.50 Low Feb 24
- SUP 2: 3901.75 Low Jan 19
- SUP 3: 3787.62 76.4% retracement of the Dec 22 - Feb 2 bull cycle
- SUP 4: 3819.00 Low Jan 6
S&P E-Minis trend conditions remain bearish and short-term signals suggest scope for an extension lower near-term. The contract continues to trade below the 50-day EMA, at 4023.15 and sights are set on 3901.75, the Jan 19 low and 3887.62, the 76.4% retracement of the Dec 22 - Feb 2 bull cycle. Resistance to watch is 4047.25, the 20-day EMA. Note that a clear break of both the 50- and 20-day EMAs would signal a possible reversal.
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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.