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Price Signal Summary - S&P E-Minis Continue To Trade Above Last Week's Low

OUTLOOK
  • In the equity space, a volatile session last Thursday in S&P E-Minis resulted in a strong bounce from the day low as well as the trend low of 3502.00. The recovery suggests the contract has entered a corrective phase and if correct, this will allow an oversold trend condition to unwind. Attention is on 3724.56, the 20-day EMA. A break would reinforce a bullish theme. Key support and the bear trigger lies at 3502.00.
  • The EUROSTOXX 50 futures also traded in a volatile manner last Thursday, rebounding sharply from the day low of 3251.00. The focus is on the 50-day EMA at 3473.30 and resistance at 3492.00, the Oct 6 high. Clearance of these two hurdles would highlight a short-term reversal. On the downside, the key support zone to watch is at 3251.00-3236.00, the Oct 13 / 3 lows.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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