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Price Signal Summary - EUROSTOXX 50 Futures Bull Cycle Remains In Play

OUTLOOK
  • In the equity space, the trend condition in S&P E-Minis remains bullish, with the upside trigger at 5066.50 giving way to new highs at 5123.50 last week. This erases the initial pullback last week and continues to highlight the fact that corrections remain shallow - a bullish signal. Support to watch is 4992.55, the 20-day EMA. A resumption of gains would open a vol-band based resistance at 5133.43.
  • The bull cycle in EUROSTOXX 50 futures remains firmly intact and the contract is holding on to its recent gains. Moving average studies are in a bull-mode position too, highlighting positive market sentiment. Sights are on 4904.40 next, a Fibonacci projection. Further out, a bull channel top at 4955.20, marks an objective. The channel is drawn from the Oct 27 low. Initial firm support lies at 4734.40, the 20-day EMA.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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