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Price Signal Summary - S&P E-Minis Bullish Extension

OUTLOOK
  • In the equity space, S&P E-Minis traded higher Monday and breached resistance at 4035.25, the Jan 17 high. The break cancels a recent bearish threat and resumes short-term bullish conditions. The focus is on 4090.75 - last seen in mid-December. Key short-term support lies at 3901.75, the Jan 19 low. A break would reinstate a bearish threat.
  • EUROSTOXX 50 futures traded lower last Thursday but prices have since recovered. The trend outlook is bullish, however, the cycle is overbought and this warns of the potential for a short-term pullback. A move lower would open 4057.20, the 20-day EMA and a key near-term support. Key resistance and the bull trigger has been defined at 4206.00, the Jan 18 high. A break would resume the uptrend.
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Foreign Exchange Technical AnalysisHomepagemarkets-real-timeCommoditiesEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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