EQUITY TECHS: E-MINI S&P: (M5) Corrective Cycle
Apr-23 13:35
- RES 4: 5773.25 High Apr 2
- RES 3: 5639.32 50-day EMA
- RES 2: 5528.75 High Apr 10 and the bull trigger
- RES 1: 5485.00 High Apr 15
- PRICE: 5453.25 @ 14:23 BST Apr 23
- SUP 1: 5098.16 61.8% retracement of the Apr 7 - 10 bounce
- SUP 2: 4996.43 76.4% retracement of the Apr 7 - 10 bounce
- SUP 3: 4832.00 Low Apr 7 and the bear trigger
- SUP 4: 4760.88 1.618 proj of the Feb 19 - Mar 13 - 25 price swing
A reversal higher in S&P E-Minis on Apr 9 highlighted the start of a correction. The trend condition has been oversold following recent weakness and gains have allowed this to unwind. Price has traded above the 20-day EMA, at 5425.57, today. This exposes 5528.75, the Apr 10 high. For bears, a resumption of weakness would refocus attention on 4832.00, the Apr 7 low and bear trigger.
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US: MNI POLITICAL RISK-Trump Hints At Narrower Reciprocal Tariffs
Mar-24 13:30
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Full Article: US DAILY BRIEF
EURIBOR OPTIONS: Put spread buyer
Mar-24 13:25
ERM5 97.75/97.62ps 1x1.5, bought for 2.25 in 4k.
US TSY OPTIONS: May'25/Jun'25 10YCall Spread
Mar-24 13:21
- 18,500 TYK5 112/TYM5 112.5 call spds, 10 net db/June over vs. 110-31.5/0.05%
