ESTOXX M4 (ref. 5088): The contract escaped as expected on the upside from the VST descending channel in which it was seesawing since Friday's top. It then reached the 5090/5100 area and is now consolidating a bit. We expect this pause to be limited towards 5077 ahead of a break above 5100 with 5120 in sight.
Supports: 5077 - 5063 - 5047 - 5030
Resistances: 5100 - 5120 - 5150 - 5200
![](https://cdn.prod.website-files.com/645ec4f850427b533799c925/66445e7abbcb0b4fbf47ec34_20240515_VGM4_60MIN.png)
S&P M4 (ref. 5272.25): The contract escaped on the upside from the 5233/64 range in which it was seesawing since Friday. Following this breakout, the 60-min RSI is overbought, and therefore a limited pause towards 5260 appears possible ahead of further advance with 5286 as the next resistance to look for.
Supports: 5260 - 5240 - 5233 - 5216
Resistances: 5286 - 5308 - 5325 - 5334
![](https://cdn.prod.website-files.com/645ec4f850427b533799c925/66445e7abbcb0b4fbf47ec38_20240515_ESM4_60MIN.png)
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About the Author: Letheuil Fabien
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