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Price Signal Summary - S&P E-Minis Have Cleared Resistance At The 50-Day EMA

  • In the equity space, S&P E-Minis traded higher again Thursday. The contract has this week cleared resistance at the 50-day EMA, strengthening the short-term bullish condition. Price has also traded above the 4000.00 handle to open 4043.00, the Dec 15 high. Key support and the bear trigger has been defined at 3788.50, the Dec 22 low.
  • EUROSTOXX 50 futures bullish conditions remain intact and the contract continues to climb. Futures have cleared resistance at 4043.00, the Dec 13 high and a bull trigger. The break represents a key short-term positive development and paves the way for gains towards 4175.50 next, the Feb 16 high (cont). Initial firm support lies at 3962.60, the 20-day EMA.

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