EU REAL ESTATE: Vonovia: 3-tranche

• RES 4: 6831.38 2.500 proj of the Aug 20 - 28 - Sep 2 price swing 
• RES 3: 6819.25 1.500 proj of the Aug 1 - 15 - 20 price swing
• RES 2: 6812.29 2.382 proj of the Aug 20 - 28 - Sep 2 price swing
• RES 1: 6800.00 Round number resistance and Friday’s high 
• PRICE: 6786.50 @ 14:24 BST Oct 6
• SUP 1: 6684.22 20-day EMA
• SUP 2: 6624.25 Low Sep 25 
• SUP 3: 6566.78 50-day EMA 
• SUP 4: 6506.50 Low Sep 5 

A bull cycle in S&P E-Minis remains intact. The contract traded to a fresh cycle high last week to confirm a resumption of the uptrend and maintain the positive price sequence of higher highs and higher lows. Sights are on 6812.29, a Fibonacci projection. Initial support to watch is at the 20-day EMA, at 6684.22. It has recently been pierced, a clear break of it would signal scope for a deeper pullback, potentially towards the 50-day EMA, at 6566.78.

SFRZ5 96.50/96.625cs, bought for 1 in 5k (on Block).

SPX: 6,750.6 (+0.5%); DJIA: 46,931 (+0.4%/+173pts); NDX: 25,047.7 (+1.1%).