Free Trial

Extending Session Lows

US STOCKS
Buyers strike for stocks as they continue to trade weaker in the second half, current SPX futures level for ESM2 futures puts it back to March 2021 levels.
  • SPX eminis now appr 20% off early Jan high (4778.0) at 3829.00 (-68.75) after breaching key support / bear trigger levels of 3855.00, May 12 low AND 3843.25, the Mar 25 2021 low (cont).
  • Next key support levels:
    • 3820.25 2.50 proj of the Mar 29 - Apr 18 - 21 price swing
    • SUP 3: 3787.74 2.618 proj of the Mar 29 - Apr 18 - 21 price swing

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.