EQUITY TECHS: E-MINI S&P: (Z5) Monitoring Resistance

Nov-20 14:37
  • RES 4: 6993.12 3.500 proj of the Aug 20 - 28 - Sep 2 price swing
  • RES 3: 6953.75 High Oct 30 and bull trigger 
  • RES 2: 6900.50 High Nov 12 
  • RES 1: 6767.81/6772.75 20-day EMA / Intraday high  
  • PRICE: 6768.00 @ 14:27 GMT Nov 22
  • SUP 1: 6594.00 Low Nov 18   
  • SUP 2: 6571.25 Low Oct 17
  • SUP 3: 6540.25 Low Oct 10 and a key support 
  • SUP 4: 6476.62 23.6% retracement of the Apr 7 - Oct 30 uptrend 

S&P E-Minis maintain a softer S/T tone - for now - despite the latest bounce. The breach of 6655.70, the Nov 7 low cancels recent bullish signals and signals scope for an extension of the corrective cycle. A resumption of weakness would open 6540.25, the Oct 10 low and a key support. Initial firm resistance to watch is 6767.81, the 20-day EMA. It has been pierced, a clear break of it is required to signal scope for a stronger near-term recovery.

Historical bullets

OPTIONS: Expiries for Oct22 NY cut 1000ET (Source DTCC)

Oct-21 14:09
  • EUR/USD: $1.1525(E732mln), $1.1595-00(E1.1bln), $1.1620-25(E586mln), $1.1640-50(E750mln) $1.1810-30(E1.1bln)
  • USD/JPY: Y149.90-00($1.5bln), Y151.00($876mln), Y152.00($1.1bln)
  • EUR/GBP: Gbp0.8740(E498mln)
  • AUD/USD: $0.6535(A$516mln)
  • NZD/USD: $0.5700(N$1.2bln)
  • USD/CAD: C$1.3800($1.9bln), C$1.4085($551mln), C$1.4200($1.1bln)
  • USD/CNY: Cny7.3000($749mln)

EUR: More EUR upside buyer via CME Option

Oct-21 14:02

EURUSD (6th Mar) 1.1800c, bought for 0.01410 in ~2.2k.

EUR: FX Exchange traded Option is trading for more

Oct-21 13:59

EURUSD (4th Sep) 1.1700c, bought for 0.3430 in 3.22k total (new position).