S&P 500 futures battle 100-HMA barrier as the bulls fight back control. The hourly RSI has turned flat but remains well above the midline. The rebound in the European equities fail to inspire the bulls. S&P 500 futures are struggling to extend the latest leg higher in the European session this Tuesday, as the bulls battle a key technical hurdle. The recovery rally in the European equities fails to impress the bulls, as global economic growth concerns return after a new covid strain was detected in the UK. Technically, the 100-hourly moving average (HMA) at 3,694 is the level to beat for the bulls. The further upside appears elusive so long as the price trades below the latter. The immediate support is seen around 3,680, which is the confluence of the 200 and 21-HMAs. Further south, 3,650 psychological support could be tested. The hourly Relative Strength Index (RSI) has turned flat but trades above 50.00, keeping the buyers hopeful. The next relevant resistance above the 100-HMA barrier is aligned at the record highs of 3,733. S&P 500 Futures: Hourly chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY clings to modest gains, lacks follow-through beyond mid-103.00s FX Street 1 year S&P 500 futures battle 100-HMA barrier as the bulls fight back control. The hourly RSI has turned flat but remains well above the midline. The rebound in the European equities fail to inspire the bulls. S&P 500 futures are struggling to extend the latest leg higher in the European session this Tuesday, as the bulls battle a key technical hurdle. The recovery rally in the European equities fails to impress the bulls, as global economic growth concerns return after a new covid strain was detected in the UK. Technically, the 100-hourly moving average (HMA) at 3,694 is the level to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
