May 16, 2024 08:22 GMT
EuroStoxx Breaches Key Resistance
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S&P E-Minis traded higher yesterday and the contract remains firm today as it extends the bull cycle from Apr 19. Yesterday’s gains resulted in a break of key resistance at 5333.50, the Apr 1 high. Eurostoxx 50 futures continue to appreciate. The contract has breached key resistance at 5079.00, the Apr 2 high, to confirm a resumption of the uptrend and maintain the bullish sequence of higher highs and higher lows.
- Japan's NIKKEI closed higher by 534.53 pts or +1.39% at 38920.26 and the TOPIX ended 6.66 pts higher or +0.24% at 2737.54.
- Elsewhere, in China the SHANGHAI closed higher by 2.499 pts or +0.08% at 3122.401 and the HANG SENG ended 289.88 pts higher or +1.52% at 19360.37.
- Across Europe, Germany's DAX trades lower by 9.29 pts or -0.05% at 18858.98, FTSE 100 lower by 29.11 pts or -0.34% at 8416.72, CAC 40 down 28.36 pts or -0.34% at 8211.63 and Euro Stoxx 50 down 10.8 pts or -0.21% at 5090.1.
- Dow Jones mini up 32 pts or +0.08% at 40071, S&P 500 mini up 3 pts or +0.06% at 5336.5, NASDAQ mini up 22.75 pts or +0.12% at 18716.75.
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