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

  • In the equity space, the current trend condition in S&P E-Minis is unchanged and remains bullish. Price has recently breached resistance at 4119.50, the Mar 6 high, reinforcing a positive 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 a climb to 4205.50, the Feb 16 high ahead of 4244.00, the Feb 2 high and a key medium-term resistance. Firm support lies at 4069.41, the 50-day EMA.
  • EUROSTOXX 50 futures remain in an uptrend and the contract continues to trade closer to its latest highs. Recent gains have reinforced the bullish significance of the break of 4268.00, the Mar 6 high and a former key resistance. Sights are on 4381.50, the Jan 5 2022 high (cont). Moving average studies are in a bull-mode set-up, highlighting a broader uptrend. Initial firm support lies at 4230.20, the 20-day EMA.

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