EQUITY TECHS: E-MINI S&P: (M5) Bullish Trend Sequence
Jun-06 13:29
- RES 4: 6124.00 High Feb 24
- RES 3: 6080.75 High Feb 26
- RES 2: 6057.00 High Mar 3
- RES 1: 6016.50 High Junb 5
- PRICE: 6003.75 @ 14:19 BST Jun 6
- SUP 1: 5871.05/5780.89 20- and 50-day EMA values
- SUP 2: 5756.50 Low May 23
- SUP 3: 5596.00 Low May 7
- SUP 4: 5455.50 Low Apr 30
The trend condition in S&P E-Minis is unchanged, it remains bullish and the contract traded to a fresh cycle high yesterday. The recent break of 5993.50 last week, the May 20 high and a bull trigger, highlights a resumption of the uptrend and maintains a price sequence of higher highs and higher lows. A continuation would open 6057.00 next, the Mar 3 high. Key support lies at 5780.89, the 50-day EMA.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
SECURITY: US VP Vance Q&A At Munich Security Conference Event Underway Shortly
May-07 13:29
US Vice President JD Vance is shortly due to speak at a Q&A at an event hosted by the Munich Security Conference in Washington, D.C. LIVESTREAM.
- Vance’s speech at the MSC in February was one of the defining moments of the early Trump administration, with Vance’s bellicose rhetoric towards Europe, Ukraine, and NATO seen as upending Washington’s relationship with Europe.
- Bolstered by promises of increased European defence spending, the Trump administration has since oscillated to a slightly more supportive stance on Ukraine – triggering some optimism that Trump will refresh his support for transatlantic ties.
- Politico notes that Vance’s speech and subsequent comments on Europe called into question, “the very future of NATO, an alliance which depends entirely upon the conviction of its enemies that an attack on one of its members would be deemed an attack on them all. Does that still stand? Does Russian President Vladimir Putin believe it? Let’s see what Vance says.”
- Vance's comments may also provide the first preview of the US response to escalating tensions between Pakistan and India - the most significant military confrontation between the nuclear-powered neighbours since 1999.
EQUITIES: US Cash Opening calls
May-07 13:26
SPX: 5,620.6 (+0.2%); DJIA: 40,970 (+0.3%/+141pts); NDX: 19,824.4 (+0.2%).
STIR: SOFR Option Update: Two-Way Puts, Vol Sales
May-07 13:23
- -2,000 SFRZ5 96.43 straddles, 62.0 ref 96.455
- -2,500 SFRH6 96.62 straddles, 80.0 ref 96.655
- +4,000 SFRU5 95.68/95.81/96.00 2x3x1 put flys 1.25 ref 96.15
- -2,000 SFRU5 96.00 puts, 12.0 ref 96.15
- +3,000 SFRM5 SFRM5 95.75/95.81/95.87 put flys, 0.5 ref 95.785
- -5,000 0QU5 95.50/96.00 put spds, 3.0 vs. 96.81/0.08%
