CANADA DATA: Wholesale Sales +0.7% In Sept As Manufacturing Sales Remain Flat

• RES 4: 7955.94 1.618 proj of the Jun 11 - 15 - Jul 29 price swing
• RES 3: 7914.38 1.500 proj of the Jun 11 - 15 - Jul 29 price swing
• RES 2: 7904.00 High Aug 13 and key M/T resistance
• RES 1: 7897.50 High Oct 6
• PRICE: 7829.50 @ 14:45 BST Oct 14
• SUP 1: 7798.84/7750.15 20- and 50-day EMA values 
• SUP 2: 7672.75 Low Oct 1 
• SUP 3: 7575.00 Low Sep 16   
• SUP 4: 7386.00 Low Jul 29 and a key M/T support  

The trend condition in S&P E-Minis remains bullish and sights are on the next key resistance at 7904.00, the Aug 13 high. Clearance of this hurdle would confirm a resumption of the primary uptrend and pave the way for an extension towards 7914.38, a Fibonacci projection. Note that moving average studies are in a bull-mode position, highlighting a dominant uptrend. Initial firm support to watch is 7745.84, the 50-day EMA.

Tsy/SOFR cross posted at 0931:00ET:

• 105,000 SFRZ6 95.66, through 95.65 post time offer
• 8,800 USZ6 102-30, through 102-29 post time offer

Rate hike projections climb vs. late Tuesday levels (*): Oct'26 at +11.7bp (+5.5bp), Dec'26 +33.7bp (+26.7bp), Jan'27 +46.1bp (+37bp), Mar'27 +64.6bp (+54.4bp).

• SOFR Options:
  • +20,000 SFRV6 95.56/95.62 put spds, 1.5 ref 95.655)
  • 4,250 SFRZ6 96.25 calls, 1.0
  • 3,000 SFRZ6 95.87 calls, 2.0
  • -4,000 SFRX6 95.81/95.93 call spds, 5.0 ref 95.63
  • +4,000 2QM7 96.62 calls, 4.5 ref 95.165
  • -8,000 SFRZ6 95.50 puts, 3.0 ref 95.665
• Treasury Options:
  • over 7,000 FVX6 103.5 puts, 26.5 ref 103-07.5
  • 5,000 FVX6 103.25 puts, 18 ref 103-07.75
  • over 35,000 TYX6 105 calls vs. TYZ6 103.5 puts
  • Block 10,000 TUZ6 100.87/101.25/101.62 put flys, 5 ref 101-27
  • 2,000 USX6 104 calls, 24 ref 102-27
  • 25,000 FVZ6 103.75/104.5 call spds, 12 ref 103-05.5
  • 5,000 TYX6 102.75 puts, 5 ref 103-31
  • +15,000 TYX6 104/104.25 strangles, 45
  • over 15,000 wk5 TY 103.5/104.5 strangles, 29 ref 103-30