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Price Signal Summary - S&P E-Minis Uptrend Remains Intact

OUTLOOK
  • In the equity space, the current trend condition in S&P E-Minis remains bullish. Price has recently breached 4119.50, Mar 6 high, reinforcing a positive theme. The move higher also resulted in a break of 4148.48, 76.4% of the Feb 2 - Mar 13 downleg. This signals scope for an extension to 4205.50, the Feb 16 high ahead of 4244.00, the Feb 2 high and a key medium-term resistance. Firm support lies at 4065.03, the 50-day EMA.
  • EUROSTOXX 50 futures remain in an uptrend. The continued appreciation strengthens the bullish significance of the recent break of 4268.00, the Mar 6 high and a former key resistance. Sights are on 4381.50, the Jan 5 2022 high (cont). Moving average studies are in a bull-mode set-up, highlighting a broader uptrend. Initial firm support lies at 4221.13, the 20-day EMA.

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