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Price Signal Summary - S&P E-Minis Trend Outlook Remains Bullish

  • In the equity space, S&P E-Minis remain in an uptrend. Price is trading below 4050.75, the Nov 15 high and the bull trigger. Clearance of this hurdle would confirm a resumption of the uptrend and mark an extension of the price sequence of higher highs and higher lows. Moving average studies are in a bull mode position, highlighting the current trend direction. The focus is on 4100.00 next. Initial firm support lies at 3890.09, the 50-day EMA.
  • A bullish EUROSTOXX 50 futures outlook remains intact. Last week’s gains confirmed an extension of the recovery that started in early October. The move higher maintains the bullish price sequence of higher highs and higher lows. The focus is on the 4000.00 psychological handle next. Initial firm support lies at 3840.00, the Nov 17 low.

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