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Price Signal Summary - S&P E-Minis Remain Vulnerable

OUTLOOK
  • In the equity space, S&P E-Minis appears vulnerable following last week’s sharp move lower. Thursday’s sell-off reinforced a bearish threat and note that this also highlights the importance of a shooting star candle formation on Dec 13 - a reversal signal. A continuation lower would open 3855.13, 50.0% retracement of the Oct 13 - Dec 13 uptrend.
  • EUROSTOXX 50 futures traded sharply lower late last week to extend the pullback from 4043.00, the Dec 13 high. The move suggests potential for a deeper retracement with sights on the 50-day EMA, at 3798.90. The average has been pierced, a clear break of it would signal scope for a continuation lower and open 3720.00, the Nov 10 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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