Free Trial
USDCAD TECHS

Key Short-Term Resistance Remains Exposed

AUDUSD TECHS

Fresh Trend Low

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

E-MINI S&P (U2): Trend Needle Points South

EQUITY TECHS
  • RES 4: 4396.75 High Apr 22
  • RES 3: 4308.50 High Apr 28
  • RES 2: 4082.17/4204.75 50-day EMA / High May 31
  • RES 1: 3843.00/3933.84 High Jun 15 / 20-day EMA
  • PRICE: 3683.50 @ 06:47 BST June 20
  • SUP 1: 3639.00 Low Jun 17
  • SUP 2: 3578.27 0.618 proj of the Mar 29 - May 20 - 31 price swing
  • SUP 3: 3500.00 Round number support
  • SUP 4: 3384.75 0.764 proj of the Mar 29 - May 20 - 31 price swing

S&P E-Minis maintain a bearish tone. Last week’s weakness resulted in a break of 3810.00, May 20 low and a bear trigger. The clear break confirmed a resumption of the primary downtrend and maintains the bearish sequence of lower lows and lower highs and the focus is on 3600.00 next. Firm resistance is seen at 3933.84, the 20-day EMA. Short-term gains would be considered corrective.

141 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 4396.75 High Apr 22
  • RES 3: 4308.50 High Apr 28
  • RES 2: 4082.17/4204.75 50-day EMA / High May 31
  • RES 1: 3843.00/3933.84 High Jun 15 / 20-day EMA
  • PRICE: 3683.50 @ 06:47 BST June 20
  • SUP 1: 3639.00 Low Jun 17
  • SUP 2: 3578.27 0.618 proj of the Mar 29 - May 20 - 31 price swing
  • SUP 3: 3500.00 Round number support
  • SUP 4: 3384.75 0.764 proj of the Mar 29 - May 20 - 31 price swing

S&P E-Minis maintain a bearish tone. Last week’s weakness resulted in a break of 3810.00, May 20 low and a bear trigger. The clear break confirmed a resumption of the primary downtrend and maintains the bearish sequence of lower lows and lower highs and the focus is on 3600.00 next. Firm resistance is seen at 3933.84, the 20-day EMA. Short-term gains would be considered corrective.