UKRAINE: Zelenskyy Convenes 'Coalition Of The Willing' Leaders Summit For 10 May
Speaking virtually to the Joint Expeditionary Force (JEF) meeting in Oslo, Norway, Ukrainian Preside...
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EQUITIES: Session Highs For E-Minis After Trump Says Now Is A Great Time To Buy
S&P 500 & NASDAQ 100 e-mini futures register fresh session highs after U.S. President Trump posts “THIS IS A GREAT TIME TO BUY!!! DJT” on Truth social. We assume that his comment was in reference to the equity market.
- The 3 major contracts are now 0.3-1.4% higher vs. settlement, with the NASDAQ outperforming.
MNI EXCLUSIVE: MNI speaks to the ECB’s former DG of market operations
MNI speaks to the ECB’s former director general of market operations Francesco Papadia.- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
EQUITY TECHS: E-MINI S&P: (M5) Trend Needle Points South
- RES 4: 5766.42 50-day EMA
- RES 3: 5554.41 20-day EMA
- RES 2: 5435.00 High Apr 4
- RES 1: 5305.25 High Apr 8
- PRICE: 5014.50 @ 14:34 BST Apr 9
- SUP 1: 4832.00 Low Apr 7 and the bear trigger
- SUP 2: 4760.88 1.618 proj of the Feb 19 - Mar 13 - 25 price swing
- SUP 3: 4663.75 1.764 proj of the Feb 19 - Mar 13 - 25 price swing
- 7SUP 4: 4519.84 61.8% retracement of the Oc ‘22 - Feb ‘25 bull cycle
A bearish theme in S&P E-Minis remains intact and the cross is trading closer to its recent lows. Scope is seen for an extension towards the 4800.00 handle next. Note that moving average studies are in a bear-mode position, highlighting a dominant downtrend and bearish market sentiment. Initial firm resistance is seen at 5554.41, the 20-day EMA. Short-term gains are for now, considered corrective.
