MNI: GERMANY Q3 FINAL GDP 0.1% Q/Q (VS FCST 0.2%)

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Japan Oct Core CPI Rises 2.3%, Services Rise

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI China Daily Summary: Thursday, November 21

MNI BRIEF: China To Enhance Support For Foreign Trade - MOFCOM

MNI: UK OCT RETAIL SALES -0.7% M/M, +2.4% Y/Y

MNI: UK NOV GFK CONSUMER CONFIDENCE INDEX -18

MNI JAPAN OCT CORE CPI +2.3% Y/Y; SEPT +2.4%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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?

© 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: 6145.26 1.236 proj of the Aug 5 - Sep 3 - 6 price swing
  • RES 3: 6103.88 1.500 projection of the Sep 6 - 17 - 18 price swing   
  • RES 2: 6070.16 1.382 projection of the Sep 6 - 17 - 18 price swing
  • RES 1: 6053.25 Intraday high     
  • PRICE: 6035.25 @ 14:45 GMT Nov 11
  • SUP 1: 5927.25 High Oct 17 and a recent breakout level   
  • SUP 2: 5863.50/5724.25 20-day EMA / Low Nov 4
  • SUP 3: 5675.25 Low Sep 18    
  • SUP 4: 5658.00 Low Sep 13

Bullish conditions in S&P E-Minis remain intact and last week’s gains reinforce current conditions. A key short-term support has been defined at 5724.25, Nov 4 low. The move higher last week resulted in a breach of the bull trigger at 5927.25, Oct 17 high, confirming a resumption of the primary uptrend. The 6000.0 psychological handle has been pierced. Sights are on 6070.16, a Fibonacci projection. Initial support is at 5927.25, the Oct 17 high.

159 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: 6145.26 1.236 proj of the Aug 5 - Sep 3 - 6 price swing
  • RES 3: 6103.88 1.500 projection of the Sep 6 - 17 - 18 price swing   
  • RES 2: 6070.16 1.382 projection of the Sep 6 - 17 - 18 price swing
  • RES 1: 6053.25 Intraday high     
  • PRICE: 6035.25 @ 14:45 GMT Nov 11
  • SUP 1: 5927.25 High Oct 17 and a recent breakout level   
  • SUP 2: 5863.50/5724.25 20-day EMA / Low Nov 4
  • SUP 3: 5675.25 Low Sep 18    
  • SUP 4: 5658.00 Low Sep 13

Bullish conditions in S&P E-Minis remain intact and last week’s gains reinforce current conditions. A key short-term support has been defined at 5724.25, Nov 4 low. The move higher last week resulted in a breach of the bull trigger at 5927.25, Oct 17 high, confirming a resumption of the primary uptrend. The 6000.0 psychological handle has been pierced. Sights are on 6070.16, a Fibonacci projection. Initial support is at 5927.25, the Oct 17 high.