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US is leading Europe

EQUITIES
  • US Equities have been leading lower, Emini and Nasdaq futures are hovering near their respective lows.
  • Still both indices saw decent push higher in the past 7 sessions, both futures and Cash reaching levels seen pre US ISM Mfg on the 1st August.
  • Latest small push lower was order flow related given the lack of traction.
  • Lower liquidity also means that it doesn't take much in terms of order size to move the contracts.
  • Initial supports for ESU4 and NQU4 will be seen at Friday's lows, 5536.50 and 19,447.50.

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