US: Congress Edges Closer To Funding Deal After White House Details 'Anomalies'
The implied probability of a government shutdown on October 1 dipped below 40% after White House off...
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US TSY OPTIONS: TY Week 2 111.50 Puts Lifted
TY week 2 (exp 8/13) 111.50 puts paper paid 0-07 on 12K.
EQUITY TECHS: E-MINI S&P: (U5) Bounce Holds
- RES 4: 6523.63 1.764 proj of the May 23 - Jun 11 - 23 price swing
- RES 3: 6500.00 Round number resistance
- RES 2: 6477.31 1.618 proj of the May 23 - Jun 11 - 23 price swing
- RES 1: 6468.50 High Jul 31 and the bull trigger
- PRICE: 6413.50 @ 14:34 BST Aug 11
- SUP 1: 6239.50 Low Aug 1
- SUP 2: 6238.83 2.0% 10-dma Envelope
- SUP 3: 6216.34 50-day EMA
- SUP 4: 6213.75 50% retracement of Jun - Aug Upleg
Prices recovered well Friday, meaning the bulk of the bounce off the NFP low is holding firm, keeping the underlying uptrend intact for now. The index holds above support at the 20-day EMA, at 6343.83. Through recent phases of weakness, the 50-day EMA at 6224.07, has held as support - and will be important on any intraday declines. Clearance of this average is required to signal a stronger reversal. The primary trend remains up, leaving key short-term resistance and the bull trigger at 6468.50, the Jul 31 high.
SOFR: SFRU5 Blocked
Most recent block trade lodged at 08:45:31 NY/13:45:31 London:
- SFRU5 8K lots blocked at 95.915, looks like a buyer.
- DV01 $200K.
