FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EQUITY TECHS: E-MINI S&P TECHS: (U4) Soft Close Leads to Further Losses

EQUITY TECHS
  • RES 4: 5786.66 3.50 proj of the Apr 19 - 29 - May 2 price swing 
  • RES 3: 5764.00 3.50 proj of the Apr 19 - 29 - May 2 price swing
  • RES 2: 5741 34 3.382 proj of the Apr 19 - 29 - May 2 price swing
  • RES 1: 5721.25 High Jul 16      
  • PRICE: 5481.00 @ 07:49 BST Jul 25
  • SUP 1: 5461.50 Low Jul 25
  • SUP 2: 5433.55 3.0% 10-dma envelope
  • SUP 3: 5398.75 Low Jun 11 
  • SUP 4: 5267.75 Low May 31 and key support

Prices ebbed to a new pullback low early Thursday, building on the weak Wednesday close and souring the S/T outlook. Price has traded through the 50-day EMA as well as key support at 5501.50. This opens for further losses toward 5433.55, the 3.0% 10-dma envelope - a level pierced only three times since the beginning of 2023 and a decent reversal indicator. Sights to the upside are on 5741.34, a Fibonacci projection. 

EquitiesBulletFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.