MNI: Rough Transcript of Powell's November Press Conference

MNI BRIEF: Fed Does Not Seek Inflation Goal Undershoot-Powell

MNI BRIEF: Powell-No Near-Term Fed Policy Effect From Election

MNI CNB WATCH: Rates Cut, But Outlook Shows Inflation Pick-Up

MNI BRIEF: Mexican Inflation Rises To 4.76% In September

MNI BRIEF: CNB Lowers Two-Week Repo Rate 25 bps to 4.00%

MNI: US SEP CONSUMER CREDIT +$6.0B

EZ/UK Bond Supply Calendar: Italy Exchange, Belgium ORI Friday

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

EUROPEAN FISCAL: DE 2025 Budget Gap Grows; Political Risk Is Rising

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

EQUITY TECHS: E-MINI S&P: (Z4) Northbound

EQUITY TECHS
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • RES 4: 6028.44 1.236 projection of the Sep 6 - 17 - 18 price swing
  • RES 3: 6012.75 1.00 projection of the Aug 5 - Sep 3 - 6 price swing
  • RES 2: 6000.00 Psychological handle
  • RES 1: 5977.25 Intraday high    
  • PRICE: 5976.50 @ 14:17 GMT Nov 7
  • SUP 1: 5829.92/5724.25 20-day EMA / Low Nov 4  
  • SUP 2: 5675.25 Low Sep 18
  • SUP 3: 5637.60 38.2% retracement of the Aug 5 - Oct 17 bull cycle     
  • SUP 4: 5600.25 Low Sep 12

Bullish conditions in S&P E-Minis remain intact. A key short-term support has been defined at 5724.25, Nov 4 low. Price is trading above both the 20- and 50-day EMAs and this week’s gains have resulted in a breach of the bull trigger at 5927.25, Oct 17 high. Clearance of this level confirms a resumption of the primary uptrend and opens the 6000.0 psychological handle. A breach of 5724.25, the Nov 4 low is required to reinstate a bearish threat.

156 words

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.
  • RES 4: 6028.44 1.236 projection of the Sep 6 - 17 - 18 price swing
  • RES 3: 6012.75 1.00 projection of the Aug 5 - Sep 3 - 6 price swing
  • RES 2: 6000.00 Psychological handle
  • RES 1: 5977.25 Intraday high    
  • PRICE: 5976.50 @ 14:17 GMT Nov 7
  • SUP 1: 5829.92/5724.25 20-day EMA / Low Nov 4  
  • SUP 2: 5675.25 Low Sep 18
  • SUP 3: 5637.60 38.2% retracement of the Aug 5 - Oct 17 bull cycle     
  • SUP 4: 5600.25 Low Sep 12

Bullish conditions in S&P E-Minis remain intact. A key short-term support has been defined at 5724.25, Nov 4 low. Price is trading above both the 20- and 50-day EMAs and this week’s gains have resulted in a breach of the bull trigger at 5927.25, Oct 17 high. Clearance of this level confirms a resumption of the primary uptrend and opens the 6000.0 psychological handle. A breach of 5724.25, the Nov 4 low is required to reinstate a bearish threat.