Futures Trend Remains Bearish

S&P E-Minis trend conditions remain bearish following last week’s extension lower and break of the July support. The move lower strengthens bearish conditions and attention is on key support at 3657.00. EUROSTOXX 50 futures remain soft following the reversal on Sep 13, from 3678.00, the Jun 13 high and last week’s follow through.

• Japan's NIKKEI closed higher by 140.32 pts or +0.53% at 26571.87 and the TOPIX ended 8.73 pts higher or +0.47% at 1873.01.
• Elsewhere, in China the SHANGHAI closed higher by 42.636 pts or +1.4% at 3093.862 and the HANG SENG ended 5.17 pts higher or +0.03% at 17860.31.
• Across Europe, Germany's DAX trades higher by 145.33 pts or +1.19% at 12374.76, FTSE 100 higher by 27.79 pts or +0.4% at 7048.67, CAC 40 up 64.67 pts or +1.12% at 5835.42 and Euro Stoxx 50 up 38.33 pts or +1.15% at 3381.44.
• Dow Jones mini up 293 pts or +1% at 29640, S&P 500 mini up 44.5 pts or +1.21% at 3715.25, NASDAQ mini up 155 pts or +1.37% at 11474.25.