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E-MINI S&P (M1): 4200.00 Breached

EQUITY TECHS
  • RES 4: 4310.00 2.00 proj of the Feb 1 - Feb 16 - Mar 4 price swing
  • RES 3: 4258.75 Bull channel top drawn off the Apr 4 low
  • RES 2: 4245.18 2.0% 10-dma envelope
  • RES 1: 4239.26 1.764 proj of the Feb 1 - Feb 16 - Mar 4 price swing
  • PRICE: 4204.50 @ 12:24 BST Apr 29
  • SUP 1: 4163.75 Low Apr 26
  • SUP 2: 4110.50 Low Apr 20 and key support
  • SUP 3: 4106.81 20-day EMA
  • SUP 4: 4052.25 Low Apr 6
The e-mini S&P continues to appreciate and has cleared the 4200.00 handle. This once again confirms a resumption of the uptrend as the price sequence of higher highs and higher lows extends. The break of a recent objective at 4195.50 opens 4239.96, the 1.764 projection of the Feb 1 - Feb 16 - Mar 4 price swing. On the downside, key short-term support is unchanged at 4110.50, Apr 20 low where a break is needed to signal a top.


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