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TECHS: E-minis Appear Vulnerable

EQUITIES

The technical picture in ESZ0 highlights a bearish backdrop following yesterday's sell-off.

  • Futures have cleared trendline support drawn off the Sep 25 low.
  • The break follows a bearish weekly candle pattern last week. A doji candle was confirmed at Friday's close.
  • This pattern reflects indecision and in this instance following the recent recovery, suggests waning bullish sentiment.
  • Futures tested the 20-day EMA yesterday. A break of yesterday's low at 3410.75 would open the 50-day EMA at 3364.31.
  • Initial firm resistance is at 3508.50, Oct 16 high.
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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