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Price Signal Summary - S&P E-Minis Are Approaching Key Support And The Bear Trigger

OUTLOOK
  • In the equity space, the S&P E-Minis broader trend direction remains down and attention is on the bear trigger at 3571.75, the Oct 3 low. A break of this level would confirm a resumption of the downtrend and open 3558.97, 1.382 projection of the Aug 16 - Sep 7 - 13 price swing.
  • The EUROSTOXX 50 futures trend direction remains down too and a continuation lower would open the key support and bear trigger at 3236.00, the Oct 3 low. For bulls, a break above the 50-day EMA is required to highlight a stronger reversal. The average intersects at 3493.90.
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