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EQUITIES
EQUITIES: S&P futures hitting new session highs in recent trade and
re-approaching yesterday's 2947.00. As mentioned yesterday by our tech analyst,
worth watching here as index has failed to convincingly break the 61.8% retrace
of the Feb - Mar sell-off at 2930.28.
- Key resistance above there rests at 2965.00, Mar 30 high. An ability to hold
above key support (2771.00) and break resistance at 2965.00 would offset any
bearish technical signals and confirm a resumption of the uptrend.
Chart here: https://emedia.marketnews.com/marketnewsintl/SPX.png
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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