Price Signal Summary - EUROSTOXX50 Trendline Resistance Holds - For Now.

In the equity space, S&P E-Minis continue to retrace recent gains and the contract is lower today. A short-term bullish corrective phase remains in play despite the latest pullback. Attention is on 3820.00, the Oct 5 high and a bull trigger. Clearance of this level would strengthen a bullish theme. On the downside, key support is unchanged at 3502.00, the Oct 13 low. Initial support to watch lies at 3590.50, the Oct 17 low.
EUROSTOXX 50 futures have pulled back from recent highs. The short-term outlook remains bullish though following the recovery from 3251.00, Oct 13 low. Both the 50-day EMA and resistance at 3492.00, the Oct 6 high and a bull trigger, have been breached. Price has also tested trendline resistance drawn from the Aug 17 high - the trendline intersects at 3483.50. A clear break of this line would strengthen bullish conditions. Initial firm support lies at 3352.00, the Oct 14 low.