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Price Signal Summary - S&P E-Minis Remain Below Their Recent Highs - For Now

OUTLOOK
  • The E-mini S&P contract maintains a firmer tone despite the latest pullback and the contract is trading closer to its recent highs. Price has traded above resistance at 4537.06, the base of a bull channel, drawn from the Mar 13 low that was breached on Aug 16. A clear break of this level would strengthen the upleg and open 4560.75, the Aug 4 high. Initial support to watch lies at 4459.74, the 50-day EMA. A return below the average would be a bearish development.
  • EUROSTOXX 50 futures have pulled back from their recent highs. A continuation lower would expose support at 4225.00, the Aug 24 low. Clearance of this level would signal scope for a test of the key support at 4187.00, the Aug 18 low and bear trigger. Moving average studies continue to highlight a downtrend. For bulls, clearance of resistance at 4358.00, the Aug 30 high, would reinstate a bullish theme.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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