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OUTLOOK: Price Signal Summary - EUROSTOXX 50 Pierces Resistance

OUTLOOK
BulletMarketsFixed Income BulletsForeign Exchange Bullets
  • In the equity space, last week’s recovery in S&P E-Minis, highlights a bullish reversal and the end of the Sep 3 - 6 corrective cycle. A continuation higher would open 5730.50, the Sep 3 high. Clearance of this level would expose 5785.00, the Jul 16 high and bull trigger. First support is 5583.10, the 50-day EMA.
  • EUROSTOXX 50 futures are holding on to their recent gains. Despite the latest recovery, a bear threat is still present. A resumption of the bear leg would signal scope for weakness towards 4686.53, 61.8% of the Aug 5 - Sep 3 bull cycle. First resistance is at 4863.45, the 50-day EMA. This EMA has today been pierced, a clear break of it would strengthen a bullish condition. The next resistance is 4895.24, 61.8% off the Sep 3 - Sep 10 bear leg.
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  • In the equity space, last week’s recovery in S&P E-Minis, highlights a bullish reversal and the end of the Sep 3 - 6 corrective cycle. A continuation higher would open 5730.50, the Sep 3 high. Clearance of this level would expose 5785.00, the Jul 16 high and bull trigger. First support is 5583.10, the 50-day EMA.
  • EUROSTOXX 50 futures are holding on to their recent gains. Despite the latest recovery, a bear threat is still present. A resumption of the bear leg would signal scope for weakness towards 4686.53, 61.8% of the Aug 5 - Sep 3 bull cycle. First resistance is at 4863.45, the 50-day EMA. This EMA has today been pierced, a clear break of it would strengthen a bullish condition. The next resistance is 4895.24, 61.8% off the Sep 3 - Sep 10 bear leg.