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

OUTLOOK
  • In the equity space, the short-term outlook in S&P E-Minis remains bullish despite this week’s pullback. Last Friday’s gains reinforces current positive conditions. Price has traded above the 50-day EMA, at 3837.49. Sights are on 3981.25 next, the Sep 14 high. Key short-term support has been defined at 3641.50, the Oct 21 low. Initial firm support to watch is unchanged at 3757.50, the Oct 27 low.
  • A bullish EUROSTOXX 50 futures theme remains intact and the contract is trading closer to this week’s highs. Resistance at 3678.00, the Sep 13 high has been pierced. A clear break of this level would strengthen bullish conditions and pave the way for gains above the 3700.00 level. The next key resistance is at 3810.00, the Aug 17 high. Firm support is seen at the 50-day EMA, at 3504.00.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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