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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.
EQUITY TECHS
- S&P E-Minis have this week breached the 50-day EMA - a key trend support parameter.
- Monday's price action also resulted in a break of support at 4339.75, Aug 19 low, threatening the current bullish price sequence of higher highs and higher lows that defines an uptrend.
- Note too that momentum studies are in a clear downward cycle.
- The 50-day EMA, currently at 4407.72 marks a key short-term resistance and while price remains below it, a bearish risk remains present.
- A clear break back above it is required to instead signal the end of the correction.
- The 20-day and 50-day EMA set-up remains in a bull mode condition. This tells us that the primary uptrend remains intact. Watch support at 4293.75 and resistance at the 4407.72 EMA level.
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.
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