September 29, 2022 09:55 GMT
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- S&P E-Minis trend conditions remain bearish despite yesterday's recovery. Last week’s extension of the trend and this week’s follow through, strengthens bearish conditions and note that a key support at 3657.00, Jun 17 low and an important medium-term bear trigger, has been cleared. The break confirms a resumption of the broader downtrend. The focus is on 3600.00 next.
- EUROSTOXX 50 futures remain soft following the reversal on Sep 13, from 3678.00, the Jun 13 high and this week’s follow through. Key short-term support at 3341.00, the Jul 5 low, has been breached. The focus is on 3229.00 next, the Nov 9 2020 low (cont).