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

OUTLOOK
  • In the equity space, S&P E-Minis traded higher yesterday. The move confirms a resumption of the uptrend, marking an extension of the bull cycle that started in October 2022. The focus is on 4452.42,1.764 projection of the May 4 - 19 - 24 price swing. Firm support is at 4304.28, the 20-day EMA. Initial support is at 4348.75, the Jun 5 high.
  • EUROSTOXX 50 futures traded higher Wednesday and are trading just off the recent highs. Resistance at 4362.00, the May 29 high has been cleared. This is a bullish development and signals scope for a move towards key resistance at 4409.50, the Nov 18 2021 high on the continuation chart. Clearance of this hurdle would represent an important bullish development. Initial support to watch is at 4285.30, the 50-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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