E-mini S&P 500 Index (ES) Futures Technical Analysis – Strong Upside Momentum Could Lead to Test of 2880.50
The market began its recovery on news that President Donald Trump plans to delay the implementation of auto tariffs. The news, which was first reported by Bloomberg News, sent auto stocks higher. Additionally, three sources told CNBC the administration will delay those levies by up to six months.
A sustained move over 2843.75 will indicate the presence of buyers. The next target is an up trending Gann angle at 2861.75. This is a potential trigger point for an acceleration to the upside with the next targets the short-term 50% level at 2880.50 and the down trending Gann angle at 2881.25
EUR/USD bounces off lows, stays around 1.1200 ahead of ECB-speak
The pair is up smalls at the time of writing, always orbiting around the key 1.1200 handle and against a fragile backdrop following US-China trade concerns, renewed effervescence in the Italian political scenario and ahead of speeches by ECB officials (at 11:15 )
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