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Making fresh intraday highs

EQUITIES
  • Estoxx Futures has cleared yesterday's high, and now targets the immediate resistance right here at 4362.00.
  • In cash, SX5E sees the main resistance target still further out, towards 4412.88, the 19th May high, but also the highest print since November 2021.
  • Similar price action in the Emini, now testing next immediate resistance right here at 4427.79 1.618 projection of the May 4 - 19 - 24 price swing.
  • Above the latter, sees 4452.42 1.764 projection of the May 4 - 19 - 24 price swing.
  • Further upside continuation in Risk, could weigh on the USD, especially with Bond futures also ticking higher.

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