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Price Signal Summary - S&P E- Minis Trend Needle Continues To Point North

OUTLOOK
  • In the equity space, S&P E-Minis remain below last week’s highs. For now, the recent retracement appears to be a correction and short-term trend signals highlight a bullish environment. A resumption of gains would refocus attention on key short-term resistance at 135.00, the Jun 27 high and a bull trigger. Clearance of this level would resume the uptrend that started July 10. Initial support to watch lies at 132.60, the Jul 17 low.
  • EUROSTOXX 50 futures are in consolidation mode but continue to trade closer to their recent highs and price remains above the 50-day EMA at 4348.70. Attention is on key resistance and the bull trigger at 4447.00, the Jul 3 high. A break of this level would confirm a resumption of the uptrend. Key support and the bear trigger has been defined at 4220.00, the Jul 7 low. Initial support is at the 50-day EMA.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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