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Price Signal Summary - S&P E-Minis Bear Threat Remains Present

OUTLOOK
  • In the equity space, S&P E-Minis traded lower again Thursday. A key short-term resistance has been defined at 4035.25, the Jan 17 high and price has traded through support at 3930.77, the 50-day EMA. A clear break of the EMA would highlight a potential bearish reversal and expose 3891.50, the Jan 10 low. On the upside, the contract needs to clear 4035.25 to resume recent bullish activity.
  • EUROSTOXX 50 futures traded lower Thursday. The broader trend outlook remains bullish, however, the cycle is overbought and this warns of the potential for a short-term pullback. A move lower would allow the overbought reading to unwind. An extension lower would open 4038.20, the 20-day EMA and a key near-term support. Key short-term resistance and the bull trigger has been defined at 4206.00, the Jan 18 high.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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