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S&P 500 E-Minis Break Friday’s Peak

EQUITIES

S&P 500 e-minis are through Friday’s peak, as Asia-Pac participants react to Friday’s U.S. data releases (which were punctuated by softer than expected wage data and a weak ISM services survey, alongside a downtick in the unemployment rate) and an uptick in HK & Chinese equities, as regional Asia-Pac focus remains on the Chinese reopening drive.

  • The contract last prints at 3,930, with the next meaningful technical resistance zone located at the Dec 15/13 highs (4,043.00/4,180.00), with the latter representing the bull trigger. Note that Friday saw a break of key resistance in the form of the 50-day EMA.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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