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Emini at new intraday low

EQUITIES
  • Emini remains under pressure, but zooming out of the chart, the move is still fairly limited after the contract rallied 230 points post the FOMC yesterday.
  • Likely some long cover, as desks fade.
  • The contract has failed to breach 4303.5 since 26th April.
  • Support moves up to circa 4244.00.

Chart source: MNI/Bloomberg

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  • Emini remains under pressure, but zooming out of the chart, the move is still fairly limited after the contract rallied 230 points post the FOMC yesterday.
  • Likely some long cover, as desks fade.
  • The contract has failed to breach 4303.5 since 26th April.
  • Support moves up to circa 4244.00.

Chart source: MNI/Bloomberg