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The aforementioned risk-off price action...>

EQUITIES: The aforementioned risk-off price action has seen S&P 500 e-mini
futures break back below 3,000, and briefly print through last week's low in the
process (based on the ESU0 contract, which is leading ESM0 in volume ahead of
M0's expiry on Friday). A clean break through last week's lows and the 23.6%
retracement of the move from the March low to the June high would likely see
bears switch focus to the zone that contains the 61.8% retracement of the move
from the YtD high to the YtD low & 100-DMA.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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