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

OUTLOOK
  • A bear cycle in the E-mini S&P remains in play and short-term gains are considered corrective. The recent break of support at 4397.75, the Aug 18 low, reinforced bearish conditions and signals scope for a continuation lower. Sights are on 4242.15, a 1.236 projection of the Jul 27 - Aug 18 - Sep 1 price swing. Initial firm resistance is 4467.07, the 50-day EMA. Ahead of the 50-day average is resistance at 4399.00, the Sep 22 high, and 4425.05, the 20-day EMA.
  • EUROSTOXX 50 futures trend conditions remain bearish and the latest bounce is considered corrective. Last week’s extension lower reinforces the current trend condition and key support at 4210.00, the Sep 8 low, has been breached. The clear break confirmed a resumption of the downtrend that started late July and opens 4109.90, the 1.236 projection of the Aug 10 - 18 - 30 price swing. Initial firm resistance is at 4245.60, the 20-day EMA.
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Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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