MNI BRIEF: Daly Says Fed Can Be 'Careful and Deliberate'

MNI BRIEF: Fed Kugler Eyeing Inflation Persistence Over Growth

MNI BRIEF: Fed Framework Review To Revisit FAIT, 'Shortfalls'

MNI BRIEF: Activity Slowdown Required To Help BCB - Guillen

MNI: Kugler Says Fed Could Keep Rates Steady 'For Some Time'

MNI BRIEF: Fed's Williams - Longer Lag To Price Expectations

MNI: US JAN CONSUMER CREDIT +$18.1B

MNI: BAKER HUGHES US RIG COUNT 592; OIL RIGS 486; GAS RIGS 101

BAKER HUGHES CANADA RIG COUNT 234; OIL RIGS 170; GAS RIGS 64

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

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

OUTLOOK
  • A bear cycle in the E-mini S&P contract in play. Friday’s strong sell-off reinforces this theme and suggests the recent shallow correction higher is over. Key short-term support has been defined at 4483.25, the Sep 7 low. Clearance of this level would be a bearish development and open 4397.75, the Aug 18 low and a bear trigger. For bulls, a resumption of gains would instead open 4597.50, the Sep 1 high.
  • EUROSTOXX 50 futures traded higher last Thursday but are pulling away from the recent peak. Last week’s gains threaten the recent bearish theme and signal a possible short-term reversal with a key support defined at 4210.00, the Sep 8 low. A resumption of gains would expose resistance at 4388.00, the Aug 30 high where a break would strengthen a bullish case. For bears, a break of 4210.00, resumes the recent downtrend.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.