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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.
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Free AccessHealthcare, Tech Help E-mini S&P Through Last Week's Lows
- Equity markets deteriorating further, with the e-mini S&P now well through the Friday lows to mark the lowest print since Aug23. Next support undercuts at that day's lows of 4433.50 ahead of the 50-dma / 50-day EMA at 4421.21 / 4417.10.
- Healthcare names are adding to the downside pressure, with tech and consumer discretionary also in negative territory.
- The downtick not affiliated with a sharp uptick in volumes, with around 4,500 contracts trading on the slip to the day's lows.
- Notable single names adding to the downside pressure include Moderna & Pfizer as reports suggest third vaccine boosters not needed and Twitter & Netflix after a Goldman Sachs' re-rating.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.