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Price Signal Summary - S&P E-Minis Correction Extends

OUTLOOK
  • The trend condition in S&P E-Minis is bearish and this week’s move higher is considered corrective. The contract is firmer again today and price has pierced the 20-day EMA, at 4276.29. A clear break of the average would suggest scope for a stronger corrective recovery, perhaps towards the 50-day EMA at 4355.36. Key support and the bear trigger has been defined at 4122.25, the Oct 27 low.
  • EUROSTOXX 50 futures are trading higher again today as the correction from recent lows extends. Price is through resistance at the 20-day EMA and is approaching the 50-day EMA, at 4184.40. The broader trend condition is bearish, however, a break of the 50-day average would signal scope for a stronger bull cycle. This would open 4256.00, the Oct 12 high. On the downside, key support and the bear trigger lies at 4001.0, the Oct 27 low.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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