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Price Signal Summary - Sentiment In The Equity Space Remains Bullish

OUTLOOK
  • In the equity space, a bullish theme in S&P E-Minis remains intact and the contract has started this week on a bullish note. The break higher confirms a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. Note too that moving average studies are in a bull-mode position, highlighting positive market sentiment. Sights are on 4690.75, the Aug 2 high. Initial support lies at 4592.23, the 20-day EMA.
  • A bull trend in EUROSTOXX 50 futures remains intact and the contract continues to climb. The fresh trend high confirms a resumption of the uptrend. Moving average studies are in a bull-mode position too, signalling a rising cycle. The focus is on 4561.00, the 2.00 projection of the Oct 27 - Nov 3 - 8 price swing. Support to watch is at 4398.00, 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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