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Price Signal Summary - EUROSTOXX50 Resumes Its Short And Medium-Term Uptrend

OUTLOOK
  • In the equity space, S&P E-Minis traded higher Wednesday and the contract is holding on to its latest gains. Price remains above the 50-day EMA, which intersects at 4112.23. A continuation higher would open key resistance and the bull trigger at 4206.25, the May 1 high. Clearance of this level would confirm an extension of the bull trend from Mar 13. Key support is at 4062.25, the May 4 low. A move through this level would instead highlight a bearish threat.
  • EUROSTOXX 50 futures have traded higher today and cleared resistance at 4363.00, the Apr 21 high and the bull trigger. The break confirms a resumption of the bull cycle that started Mar 20 and confirms a continuation of the medium-term uptrend. This opens 4381.5, the Jan 5, 2022 high (cont) ahead of 4409.50, the Nov 18 2021 high (cont) and a key resistance. Key support has been defined at 4233.00, the May 4 low.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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