Free Trial

S&P E-Mini Holds Bulk Of Yesterday's Move Nearer Key Resistance

US STOCKS
  • ESA dipped ahead of the early close for Thanksgiving to finish near unchanged on the day at 4569.50 (+0.05%), having kept to particularly narrow ranges after pushing higher yesterday .
  • It sees very slight underperformance to Nasdaq (+0.1%) and Dow Jones (0.1%) e-minis, whilst outperform the Russell 2000 (-0.1%).
  • ESA unsurprisingly hasn’t troubled technical levels, after yesterday’s high of 4580.50 marked a push closer to a key resistance at 4597.50 (Sep 1 high). Support meanwhile is seen at 4501.75 (Nov 16 low).
  • North of the border, the TSX is currently holding onto to a 0.2% gain after rising shortly after the close. Industrials lead gains (0.55%), primarily courtesy of Canadian National Railway up 1.2%, whilst consumer staples lag (-0.9%).

Source: Bloomberg

To read the full story

Close

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.