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E-MINI S&P (U1): Fresh ATH Once Again

EQUITY TECHS
  • RES 4: 4415.48 1.00 proj of Mar 25 - May 10 - 13 price swing
  • RES 3: 4322.15 0.764 proj of Mar 25 - May 10 - 13 price swing
  • RES 2: 4300.00 Round Number Resistance
  • RES 1: 4282.00 High Jun 28
  • PRICE: 4276.50 @ 06:52 BST Jun 29
  • SUP 1: 4221.61 20-day EMA
  • SUP 2: 4126.75 Low Jun 21 and key short-term support
  • SUP 3: 4100.00 Round number support
  • SUP 4: 4020.20 Low May 13 and key short-term support

S&P E-minis traded to fresh all-time highs once again yesterday maintaining the current bullish theme. The contract last week tested the 50-day EMA at 4145.50 and the average provided support, reinforcing bullish conditions. The rally from the EMA on Jun 21 also confirmed an important bull signal - a bullish piercing candle pattern. With 4258.25, Jun 15 high breached, attention turns to 4300.00. Key short-term trend support is 4126.75, low Jun 21.

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