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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

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  • RES 4: 4175.00 Low Nov 26, 2007 (cont)
  • RES 3: 4140.00 High Jan 18, 2008 (cont)
  • RES 2: 4099.00 1.00 proj of of the Mar - Jul - Oct 2020 price swing
  • RES 1: 4036.00 High May 10 and the bull trigger
  • PRICE: 3947.00 @ 16:25 BST May 13
  • SUP 1: 3877.97 50-day EMA
  • SUP 2: 3844.00 Low May 13
  • SUP 3: 3821.00 High Mar 18 and recent breakout level
  • SUP 4: 3727.00 Low Mar 25

EUROSTOXX 50 futures were under pressure for much of the first half of the Thursday session, with prices slipping further to hit 3844.00. The index staged a solid recovery into the close, which marks the intraday low as first support. With prices managing to avoid a close below the 50-day EMA, there is potential for a near-term recovery, which would initially target 3984 ahead of 4036.