[Analysis: S&P 500 Futures Break Below Key Support at 7386, Facing Further Downside Pressure] BlockBeats reports on November 6th that Bloomberg analysts stated the S&P 500 E-mini futures have broken below the key support level of 7386, confirming an acceleration of the downtrend that began on October 6th. Downside targets are 7317, 7240, and 7176, with initial resistance at 7675. Although the daily chart is oversold, any rebound is considered a corrective move. The Euro Stoxx 50 futures also face downside risk below 6032; a break above 6251 could signal a move towards 6399. [Original Link]