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Price Signal Summary - EUROSTOXX50 Futures Bull Leg Extends

OUTLOOK
  • In the equity space, a bull theme in S&P E-Minis remains intact and the contract continues to climb, extending the recovery from the Jun 26 low. Recent weakness appears to have been a correction. The move lower has allowed an overbought trend condition to unwind. Key near-term support lies at the 20-day EMA, which intersects at 4376.94, remains intact. On the upside, the bull trigger is 4493.75, the Jun 16 high.
  • The EUROSTOXX 50 futures uptrend remains intact and the pair is firmer today as this week’s bull run extends. A continuation higher would open 4448.00, the Jun 16 high and the bull trigger. A break of this hurdle would confirm a resumption of the uptrend and expose 4472.40, a Fibonacci projection. On the downside, key support lies at 4241.00, the May 31 low. Clearance of this level would signal a reversal.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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