Free Trial
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.
EQUITY TECHS
US equity indices remain vulnerable as the current bear cycle extends.
- The moving average study - the 20-day and 50-day EMA set-up - is in a bear mode condition and this clearly highlights current market sentiment.
- The break below the February and March lows highlights a broad bearish price sequence of lower lows and lower highs that clearly defines a downtrend.
- Momentum is also in a bearish position and is pointing south, suggesting a continuation of the current trend is likely.
- Key support levels to watch in the S&P 500 are:
- 3815.20 - 38.2% retracement of the Mar ‘20 - Jan ‘22 bull leg
- 3664.41 - 1.382 projection of the Jan 4 - Feb 24 - Mar 29 price swing
- The next key supports in the DJIA lie at:
- 31201.66 - A weekly bear channel base drawn from the January high
- 29794.35 - 38.2% of the Mar ‘20 - Jan ‘22 uptrend
- The Nasdaq has retraced 31% from last year's November high. Levels to watch are:
- 10990.02 - 1.00 projection of the Nov 22 ‘21 - Mar 14 - Mar 29 price swing
- 10291.29 - 61.8% retracement of the 2020 - 2021 bull cycle
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok