Free Trial

Price Signal Summary - S&P E-Minis Bull Cycle Remains In Play

OUTLOOK
  • In the equity space, the trend condition in S&P E-Minis remains bullish and the contract is trading closer to its recent highs. Fresh cycle highs reinforce current conditions and note that price action continues to highlight the fact that corrections remain shallow. This is an important bullish signal, reflecting positive market sentiment. Support to watch is 5168.27 the 20-day EMA. Sights are on 5300.00 next.
  • A bullish trend condition in EUROSTOXX 50 futures remains intact and last week’s fresh cycle highs reinforce current conditions. Moving average studies are in a bull-mode position and this continues to reflect positive market sentiment. Sights are on the psychological 5000.00 handle. Initial firm support lies at 4867.30, the 20-day EMA.

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.