Free Trial

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

OUTLOOK
  • In the equity space, S&P E-Minis trend conditions remain bearish. This week’s trend lows, strengthens bearish conditions and note that a key support at 3657.00, the Jun 17 low and an important medium-term bear trigger, has been pierced. A clear break would confirm a resumption of the broader downtrend. The focus is on 3600.00 next.
  • EUROSTOXX 50 futures remain vulnerable 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).

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.