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

OUTLOOK
  • In the equity space, a bullish theme in S&P E-Minis remains intact and the contract is trading closer to its recent highs. The rally last week confirmed a resumption of the uptrend that started Oct 27. Note too that the contract has cleared resistance at 4738.50, the Jul 27 high, reinforcing current positive trend conditions. This signals scope for a climb towards 4800.00 next. On the downside, initial firm support lies at 4645.17, the 20-day EMA.
  • A bullish theme in EUROSTOXX 50 futures remains intact and the contract traded to a fresh trend high last week. This confirms, once again, a resumption of the uptrend and maintains a bullish price sequence of higher highs and higher lows. The focus is on 4636.70, the 76.4% retracement of the 2000 - 2009 downleg (cont). Support to watch is at 4480.80, the 20-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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