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E-MINI S&P (M1): Fresh Trend High

EQUITY TECHS
  • RES 4: 4239.26 1.764 proj of the Feb 1 - Feb 16 - Mar 4 price swing
  • RES 3: 4234.52 2.0% 10-dma envelope
  • RES 2: 4195.50 1.618 proj of the Feb 1 - Feb 16 - Mar 4 price swing
  • RES 1: 4192.50 Intraday high
  • PRICE: 4178.50 @ 17:08 BST Apr 26
  • SUP 1: 4110.50 Low Apr 20
  • SUP 2: 4099.22 20-day EMA
  • SUP 3: 4052.25 Low Apr 6
  • SUP 4: 3972.80 50-DMA

The e-mini S&P has traded higher again today delivering a fresh trend high of 4192.50. This is just ahead of a Fibonacci projection at 4195.50, 1.618 projection of the Feb 1 - Feb 16 - Mar 4 price swing. Bullish conditions continue to dominate, with moving average signals still indicating strong upside momentum. On the downside, key short-term support is seen at 4110.50, Apr 20 low where a break would potentially signal a S/T top.

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