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Price Signal Summary - S&P E-Minis Short-Term Trend Needle Still Points North

OUTLOOK
  • In the equity space, S&P E-Minis maintains a bullish tone and pullbacks are considered corrective. Price has recently breached 4119.50, the Mar 6 high, reinforcing a bullish theme. The move higher has also resulted in a break of 4148.48, 76.4% of the Feb 2 - Mar 13 downleg. This signals scope for an extension towards 4205.50, the Feb 16 high ahead of 4244.00, the Feb 2 high and a key medium-term resistance. Firm support lies at 4039.75, the 50-day EMA.
  • EUROSTOXX 50 futures maintain a firmer tone despite the latest pullback. Price has recently pierced resistance at 4268.00, Mar 6 high and a key hurdle for bulls. A clear break of this level would strengthen bullish conditions and open 4300.00 next. Moving average studies are in a bull-mode set-up and this highlights a broader uptrend. Initial firm support lies at 4173.00, the 20-day EMA.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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