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E-MINI S&P (M1): Bullish Momentum In Tact

EQUITY TECHS
  • RES 4: 4267.82 123.6% Projection Mar - Apr Rally
  • RES 3: 4192.89 1.0% 10-dma envelope
  • RES 2: 4186.75 High Apr 23
  • RES 1: 4185.50 High Apr 26
  • PRICE: 4178.50 @ 17:08 BST Apr 26
  • SUP 1: 4110.50 Low Apr 20
  • SUP 2: 4100.00 Psychological Support
  • SUP 3: 4099.80 20-day EMA
  • SUP 4: 3977.64 50-DMA

The e-mini S&P edged off Friday's alltime highs early Monday, but weakness was short-lived, with the pair steering clear of falling through last week's 4171.50 close. Bullish conditions continue to dominate, with the 20-day EMA still indicating strong upside momentum. This keeps the needle pointed north, with all time highs still under pressure at 4186.75. A break here opens further gains toward the 1.0% 10-dma envelope of 4192.89. Any short-term weakness would initially eye 4110.50 support ahead of the 20-day EMA of 4099.80.

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