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Price Signal Summary - S&P E-Minis Rally Friday Confirms A Resumption Of The Uptrend

OUTLOOK

In the equity space, S&P E-Minis maintains a bullish tone and Friday’s resumption of the short-term uptrend reinforces current conditions. Price has recently traded above the 50-day EMA, at 3834.42. Sights are on 3981.25 next, the Sep 14 high. On the downside, key short-term support has been defined at 3641.50, the Oct 21 low. Initial firm support to watch is at 3757.50, the Oct 27 low.

The short-term condition in EUROSTOXX 50 futures are holding on to the bulk of its latest gains. The outlook is bullish, following the recent breach of trendline resistance drawn from the Aug 17 high and the break of the 50-day EMA. Scope is seen for a climb towards 3678.00, the Sep 13 high and a key short-term resistance. Firm support is seen at the 50-day EMA, at 3493.20.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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