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Recent Gains Corrective with Futures Outlook Still Bearish

EQUITIES

S&P E-Minis trend conditions remain bearish and short-term gains are considered corrective. The recent move lower strengthens bearish conditions and attention is on key support at 3657.00, the Jun 17 low. EUROSTOXX 50 futures trend conditions remain bearish and yesterday’s fresh trend low reinforces current conditions. This week's bearish extension confirms a continuation of the reversal on Sep 13 from 3678.00.


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S&P E-Minis trend conditions remain bearish and short-term gains are considered corrective. The recent move lower strengthens bearish conditions and attention is on key support at 3657.00, the Jun 17 low. EUROSTOXX 50 futures trend conditions remain bearish and yesterday’s fresh trend low reinforces current conditions. This week's bearish extension confirms a continuation of the reversal on Sep 13 from 3678.00.


Keep reading...Show less