January 18, 2023 10:53 GMT
Price Signal Summary - S&P E-Minis Trend Condition Remains Bullish
EQUITY TECHS
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- In the equity space, S&P E-Minis remain in an uptrend. Price has recently cleared the 50-day EMA - a bullish development - and the focus is on 4043.00 next, the Dec 15 high. Key support and the bear trigger is unchanged at 3788.50, the Dec 22 low. Initial support is at 3891.50, the Jan 10 low.
- EUROSTOXX 50 futures bullish conditions remain intact. Futures have recently cleared resistance at 4043.00, the Dec 13 high, reinforcing bullish conditions. The break paves the way for gains towards 4215.00 next, the 2.00 projection of the Sep 29 - Oct 4 rise from the Dec 20 low. Initial firm support is at 4015.70, the 20-day EMA.
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