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S&P 500 E-Mini Looking Below 3,900

EQUITIES

S&P 500 e-minis have printed as low as 3,898.25 in recent dealing, moving below the late NY trough as Asia reacts to Wednesday’s U.S. equity market weakness. From a technical perspective the primary bearish trend condition remains in play, which signals scope for a continuation lower. The next bearish objective is the Mar 25 ‘21 low (3,843.25), drawn off a continuation chart.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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