May 15, 2024 09:07 GMT
EuroStoxx Rally Confirms Resumption of Uptrend
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S&P E-Minis traded higher yesterday as the contract extends the bull cycle from Apr 19. This highlights scope for a continuation higher and attention is on the key resistance and bull trigger at 5333.50, the Apr 1 high. Eurostoxx 50 futures are holding onto this week’s gains. 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 29.67 pts or +0.08% at 38385.73 and the TOPIX ended 0.07 pts lower or 0% at 2730.88.
- Across Europe, Germany's DAX trades higher by 94.15 pts or +0.5% at 18804.12, FTSE 100 higher by 33.56 pts or +0.4% at 8462.67, CAC 40 down 9.62 pts or -0.12% at 8214.77 and Euro Stoxx 50 up 6.02 pts or +0.12% at 5085.6.
- Dow Jones mini up 8 pts or +0.02% at 39686, S&P 500 mini up 4.25 pts or +0.08% at 5272.25, NASDAQ mini up 4.75 pts or +0.03% at 18415.75.
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