Global Equities Mixed Post-Fed

A key short-term support in Eurostoxx 50 futures at 4285.10 has been breached this week - the 20-day EMA. The recent move down is considered corrective for now. A continuation lower would signal scope for a deeper corrective pullback towards 4219.00, the 50-day EMA. On the upside, a break of 4363.00, the Apr 21 high and bull trigger, would confirm a resumption of the uptrend. S&P E-minis have traded to a low of 4075.50 today. The contract has found support and this leaves price above a key short-term level at 4068.75, the Apr 26 low. A break of this level would signal scope for a deeper short-term pullback. From a trend perspective, the condition remains bullish - moving average studies are in a bull-mode position. Clearance of 4206.25, Tuesday’s high, would confirm a resumption of the trend.

• In China the SHANGHAI closed higher by 27.184 pts or +0.82% at 3350.459 and the HANG SENG ended 249.57 pts higher or +1.27% at 19948.73.
• Across Europe, Germany's DAX trades lower by 54.03 pts or -0.34% at 15784.05, FTSE 100 lower by 38.72 pts or -0.5% at 7754.54, CAC 40 down 33.2 pts or -0.45% at 7384.89 and Euro Stoxx 50 down 20.14 pts or -0.47% at 4297.54.
• Dow Jones mini down 18 pts or -0.05% at 33490, S&P 500 mini down 2.25 pts or -0.05% at 4107.25, NASDAQ mini up 32.5 pts or +0.25% at 13136.25.