EQUITIES: Futures Mixed, E-mini Holds Bounce Off Weds Lows

S&P E-Minis are still trading in a range, closer to their recent highs. The trend condition remains bullish. Recent activity has resulted in a break of resistance at 6128.75, the Jun 11 high. The breach confirmed a resumption of the uptrend that started Apr 7. A bull cycle in Eurostoxx 50 futures remains in play and the latest pullback still appears corrective. Support to watch lies at 5281.00, the low on Jul 1 and 4. A clear break of this price point would strengthen a bearish threat.   

• Japan's NIKKEI closed higher by 237.79 pts or +0.6% at 39901.19 and the TOPIX ended 20.41 pts higher or +0.72% at 2839.81.
  Elsewhere, in China the SHANGHAI closed higher by 13.048 pts or +0.37% at 3516.825 and the HANG SENG ended 18.81 pts lower or -0.08% at 24498.95.
• Across Europe, Germany's DAX trades higher by 212.56 pts or +0.89% at 24222.75, FTSE 100 higher by 40.92 pts or +0.46% at 8967.31, CAC 40 up 69.99 pts or +0.91% at 7791.65 and Euro Stoxx 50 up 45.25 pts or +0.85% at 5343.2.
• Dow Jones mini down 65 pts or -0.15% at 44389, S&P 500 mini up 0.75 pts or +0.01% at 6304.25, NASDAQ mini up 23.5 pts or +0.1% at 23100.75.