ERZ6 97.50/97.75/98.06c ladder, sold at 5.5 in 3k.
OUTLOOK: Price Signal Summary - S&P E-Minis Bull Cycle Extension
Apr-14 10:03
In the equity space, 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. First support lies at 6767.00, the Apr 13 low
EUROSTOXX 50 futures continue to trade closer to their recent highs. The contract has traded through both the 20- and 50-day EMAs, paving the way for a climb towards 5945.47, the 76.4% retracement of the Feb 26 - Mar 23 bear leg. Note that a break of 5945.47 would expose the key resistance and bull trigger at 6143.00, the Feb 26 high. First key support to watch lies at 5525.00, the Apr 2 low. Initial support lies at 5735.34, the 50-day EMA.