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  • RES 4: 4610.63 1.50 proj of Jun 21 - Jul 14 - 19 price swing
  • RES 3: 4600.00 Round number resistance
  • RES 2: 4580.21 1.382 proj of Jun 21 - Jul 14 - 19 price swing
  • RES 1: 4549.50 Intraday high
  • PRICE: 4529.25 @ 14:24 BST Sep 3
  • SUP 1: 4469.24 20-day EMA
  • SUP 2: 4395.06 50-day EMA
  • SUP 3: 4347.75 Low Aug 19 and the bear trigger
  • SUP 4: 4224.00 Low Jul 19 and key support

S&P E-minis are lower today following the NFP release. The outlook remains bullish though and recent gains confirm a resumption of the underlying uptrend. The contract's recovery from 4347.75, Aug 19 low means the 50-day EMA remains intact and this reinforces bullish conditions. The average intersects at 4395.06 and still represents a key trend support. A clear break of the EMA is required to signal a short-term reversal.