GILT TECHS: (M6) Bearish Trend Sequence
May-14 06:57
* RES 4: 90.74 61.8% retracement of the Feb 27 - Mar 23 bear leg * RES 3: 90.21 High Apr 8 and the b...
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EQUITY TECHS: E-MINI S&P: (M6) Fresh Short-Term Cycle High
Apr-14 06:57
- RES 4: 7065.00 High Feb 11
- RES 3: 7035.00 High Feb 25
- RES 2: 7000.00 Round number resistance
- RES 1: 6931.75 Intraday high
- PRICE: 6925.50 @ 07:46 BST Apr 14
- SUP 1: 6767.00 Low Apr 13
- SUP 2: 6722.99 20-day EMA
- SUP 3: 6652.25 Low Apr 8
- SUP 4: 6567.00/6503.75 Low Apr 6 and key S/T support / Low Apr 2
A strong rally in S&P E-Minis last week and a fresh cycle high yesterday, highlights an extension of the reversal that started Mar 31. Note that trend signals remain bearish and for now, this suggests gains are corrective. A continuation higher would open the 7000.00 handle next. Key medium-term resistance and the bull trigger is at 7096.50, the Jan 28 high. Initial key support to watch lies at 6567.00, the Apr 6 low.
GILTS: Opening Calls
Apr-14 06:57
Gilt Opening Calls, 88.52/88.57.
EQUITIES: EU Cash Opening Calls
Apr-14 06:56
Estox 50: +0.80%, Dax: +1.05%, CAC: +0.28%, FTSE +0.08%, SMI +0.51%.
