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S&P E-Minis' Downtrend Accelerates

EQUITIES

EUROSTOXX 50 futures remain soft following the reversal on Sep 13, from 3678.00, the Jun 13 high and last week’s follow through. Key short-term support at 3423.00, the Sep 5 low has been cleared, the break strengthens bearish conditions. S&P E-Minis trend conditions remain bearish following last week’s extension lower - the trend has accelerated following the break of the July support.


  • Japan's NIKKEI closed lower by 722.28 pts or -2.66% at 26431.55 and the TOPIX ended 51.84 pts lower or -2.71% at 1864.28.
  • Elsewhere, in China the SHANGHAI closed lower by 37.143 pts or -1.2% at 3051.226 and the HANG SENG ended 78.13 pts lower or -0.44% at 17855.14.
  • Across Europe, Germany's DAX trades higher by 46.38 pts or +0.38% at 12331.52, FTSE 100 lower by 11.07 pts or -0.16% at 7007.34, CAC 40 up 20.44 pts or +0.35% at 5804.96 and Euro Stoxx 50 up 17.61 pts or +0.53% at 3366.75.
  • Dow Jones mini down 47 pts or -0.16% at 29633, S&P 500 mini down 5.25 pts or -0.14% at 3705.25, NASDAQ mini up 5.75 pts or +0.05% at 11388.

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