EQUITY TECHS: E-MINI S&P: (M5) Trend Signals Point North
May-15 14:21
- RES 4: 6080.75 High Feb 26
- RES 3: 6057.00 High Mar 3
- RES 2: 6000.00 Round number resistance
- RES 1: 5927.00 High May 13
- PRICE:5891.50 @ 15:10 BST May 15
- SUP 1: 5658.48 50-day EMA
- SUP 2: 5455.50 Low Apr 30
- SUP 3: 5355.25 Low Apr 24
- SUP 4: 5127.25 Low Apr 21 and a key support
A bullish trend condition in S&P E-Minis remains intact and this week’s appreciation reinforces current conditions. The contract has cleared an important resistance at 5837.25, the Mar 25 high and a bull trigger. This strengthens the bullish theme, paving the way for a continuation near-term. Sights are on the 6000.00 handle next. Initial firm support to watch lies at 5658.48, the 50-day EMA.
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Historical bullets
EQUITIES: Fresh Session Highs For E-minis On Tsy Bid & Canada Tariff News
Apr-15 14:18
E-minis trade to fresh session highs but remain within the ranges observed in recent sessions.
- The Tsy rally, driven by the previously covered comments surrounding SLR reform, will have factored into the move in stocks, given recent U.S. asset correlations.
- Elsewhere, news of Canadian tariff exemptions for some U.S. goods will also have provided further support.
- Financials perform well in the wake of today’s big bank earnings.
- First resistance of note in S&P 500 e-minis comes in at the 20-day EMA (5,505.38)
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Apr-15 14:15
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