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Nasdaq futures is close to the 16,000 mark

EQUITIES
  • Not far for NQZ3 and the big psychological 16,000.00 level.
  • Note that the contract for the December expiry did trade as high as 16,264.25 in July.
  • At current futures level, the cash NDX would open at 15,930.2, in 1.5 hour time.
  • Looking at EU Cash, although Estoxx futures is off its best levels, the cash SX5E remains at the upper end of the range, and next resistance is still seen at 4340.83, now trading at 4322.00.

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