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

OUTLOOK
  • In the equity space, the trend condition in S&P E-Minis is unchanged and remains bullish. Recent fresh cycle highs reinforce current conditions. Note too that price action continues to highlight the fact that corrections remain shallow. This is an important bullish signal, reflecting positive market sentiment. Support to watch is 5163.37 the 20-day EMA. Sights are on 5300.00 next.
  • A bullish theme in EUROSTOXX 50 futures remains intact and the contract traded to a fresh cycle high last week. Moving average studies are in a bull-mode position and this continues to highlight positive market sentiment. Price is approaching the psychological 5000.00 handle. A break of this level would strengthen the bullish condition. On the downside, initial firm support lies at 4859.40, 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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