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Price Signal Summary - S&P E-Minis Uptrend Resumes

OUTLOOK
  • In the equity space, S&P E-Minis remain in an uptrend and yesterday’s gains reinforce a bullish theme. The rally resulted in a break of initial resistance at 4050.75, the Nov 15 high. This confirms a resumption of the uptrend. Sights are on the 4100.00 level next. On the downside, key short-term support has been defined at 3912.50, the Nov 17 low.
  • EUROSTOXX 50 futures trend conditions remain bullish and the contract has traded to a fresh cycle high. This maintains the uptrend that started in early October and confirms an extension of the price sequence of higher highs and higher lows. The 4000.00 handle has been pierced, this opens 4049.50 next, the Feb 23 high (cont). Initial firm support is at 3840, the Nov 17 low.
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  • In the equity space, S&P E-Minis remain in an uptrend and yesterday’s gains reinforce a bullish theme. The rally resulted in a break of initial resistance at 4050.75, the Nov 15 high. This confirms a resumption of the uptrend. Sights are on the 4100.00 level next. On the downside, key short-term support has been defined at 3912.50, the Nov 17 low.
  • EUROSTOXX 50 futures trend conditions remain bullish and the contract has traded to a fresh cycle high. This maintains the uptrend that started in early October and confirms an extension of the price sequence of higher highs and higher lows. The 4000.00 handle has been pierced, this opens 4049.50 next, the Feb 23 high (cont). Initial firm support is at 3840, the Nov 17 low.