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

OUTLOOK
  • In the equity space, S&P E-Minis ended last week on a bullish note. Price has breached 4119.50, reinforcing the bullish conditions. The move higher exposes 4148.48, 76.4% of the Feb 2 - Mar 13 downleg. Clearance of this level would signal scope for an extension towards 4205.50, Feb 16 high ahead of 4244.00, Feb 2 high and a key medium-term resistance. Firm support is at 4027.87, the 50-day EMA.
  • EUROSTOXX 50 futures traded higher last week and the contract remains bullish. Price has pierced resistance at 4268.00, the Mar 6 high and a key resistance. A clear break of this hurdle would strengthen bullish conditions and open 4300.00 next. Moving average studies are in a bull-mode set-up and this highlights a broader uptrend. Initial firm support lies at 4146.30, 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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