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Price Signal Summary - S&P E-Minis Trend Condition Remains Bullish

OUTLOOK
  • In the equity space, S&P E-Minis are unchanged and the trend outlook remains bullish. The recent break of resistance at 3928.00, Nov 1 high, strengthens a short-term bullish condition and price has established a sequence of higher highs and higher lows on the daily scale. The focus is on 4100.00 next. Initial firm support lies at 3853.35, the 50-day EMA.
  • A bullish EUROSTOXX 50 futures outlook remains intact and the contract is consolidating at its recent highs. Resistance at 3810.00, Aug 17 high and a recent bull trigger, has been breached. Moving average studies remain in a bull-mode set-up and this highlights positive market sentiment. The focus is on 3944.00, Mar 29 high (cont). First support is 3810.00, the Aug 17 high.

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