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Price Signal Summary - S&P E-Minis Uptrend Extends Inside The Bull Channel

OUTLOOK
  • In the equity space, the S&P E-Minis contract remains in a bull mode condition and is trading higher. Attention is on the top of the bull channel drawn from the March 13 low - the top intersects at 4632.89 today. A clear channel breakout would strengthen bullish conditions and open 4639.69,1.764 projection of the Jun 26 - 20 - Jul 7 price swing. A corrective pullback would initially target the 20-day EMA at 4522.44 and a key short-term support.
  • EUROSTOXX 50 futures recovered from yesterday’s lows and the contract is rallying today. Despite a brief period below it yesterday, support at the 50-day EMA remains intact for now. The average intersects at 4353.80. Attention is on key resistance and the bull trigger at 4447.00, the Jul 3 high. A break would confirm a resumption of the uptrend. A clear break of the 50-day EMA is required to highlight a bearish threat.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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