S&P 500 E-mini Futures Break Below 7,386 as Analysis Flags Downside

S&P 500 E-mini futures fell below 7,386 points. Technical analysis treats the break as confirmation that the decline that began Oct. 6 has accelerated.

Downside levels are 7,317, 7,240 and 7,176, with 7,675 as initial resistance. The daily chart is oversold, while the technical analysis characterizes any rebound as corrective.

Euro Stoxx 50 futures face downside risk below 6,032. A move above 6,251 may signal a recovery toward 6,399.