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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: 4244.00 High Feb 2 and key resistance
- RES 3: 4200.00 Round number resistance
- RES 2: 4119.50 High Mar 6
- RES 1: 4025.01 50-day EMA
- PRICE: 40118.25 @ 13:19 GMT Mar 21
- SUP 1: 3839.25 Low Mar 13
- SUP 2: 3822.00 Low Dec 22 and a key support
- SUP 3: 3778.00 Low Nov 3
- SUP 4: 3724.86 76.4% retracement of the Oct 13 - Feb 2 bull cycle
S&P E-Minis have continued to climb as the contract extends the recovery from 3839.25, Mar 13 low. Key short-term resistance to watch is the 50-day EMA which today intersects at 4025.01. This EMA represents an important pivot level. While price remains below the EMA, it is likely that gains are a correction ahead of a resumption of the downtrend. A clear break of the average would change that and highlight a stronger bullish environment.
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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