EQUITY TECHS: E-MINI S&P: (M6) Pullback Considered Corrective
Jun-09 13:44
- RES 4: 7652.24 3.618 proj of the Apr 23 - 28 - 29 price swing
- RES 3: 7632.25 High Jun 1
- RES 2: 7591.00 Hugh Jun 5
- RES 1: 7467.60 20-day EMA
- PRICE: 7459.75 @ 14:34 BST Jun 9
- SUP 1: 7355.50 Low Jun 8
- SUP 2: 7285.93 50-day EMA
- SUP 3: 7200.00 Round number support
- SUP 4: 7131.25 Low Apr 29
The trend in S&P E-Minis is bullish and short-term pullback’s appear corrective. Friday’s move down resulted in the break of an important short-term support at 7467.60, the 20-day EMA. The clear breach of this average suggests scope for a deeper short-term retracement towards 7285.93, the 50-day EMA. Note that the 50-day EMA is considered a key support. Key resistance and the bull trigger is 7632.25, the Jun 1 high.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
MNI: CHINA APR EXPORTS +14.1% Y/Y VS MEDIAN +8.4% Y/Y: CUSTOMS
May-09 02:48
- CHINA APR EXPORTS +14.1% Y/Y VS MEDIAN +8.4% Y/Y: CUSTOMS
- CHINA APR IMPORTS +25.3% Y/Y VS MEDIAN +20.0% Y/Y: CUSTOMS
- CHINA APR TRADE SURPLUS +$84.82 BLN VS MEDIAN +$85.10 BLN
MNI: CHINA APR EXPORTS +9.8% Y/Y IN YUAN TERM: CUSTOMS
May-09 02:46
- CHINA APR EXPORTS +9.8% Y/Y IN YUAN TERM: CUSTOMS
- CHINA APR IMPORTS +20.6% Y/Y IN YUAN TERM: CUSTOMS
- CHINA APR TRADE SURPLUS +CNY585.7 BLN: CUSTOMS
MNI: CHINA PBOC CONDUCTS CNY500 MLN VIA 7-DAY REVERSE REPO SAT
May-09 01:27
- CHINA PBOC CONDUCTS CNY500 MLN VIA 7-DAY REVERSE REPO SAT
