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E-MINI S&P (U1): Prints Above 4300.00

EQUITY TECHS
  • RES 4: 4415.48 1.00 proj of Mar 25 - May 10 - 13 price swing
  • RES 3: 4000.00 Round number resistance
  • RES 2: 4322.15 0.764 proj of Mar 25 - May 10 - 13 price swing
  • RES 1: 4305.75 Intraday high
  • PRICE: 4293.75 @ 14:01 BST Jul 1
  • SUP 1: 4233.20 20-day EMA
  • SUP 2: 4174.75/26.75 50-day EMA / Low Jun 21 and key S/T support
  • SUP 3: 4100.00 Round number support
  • SUP 4: 4020.20 Low May 13 and key short-term support

S&P E-minis have delivered a fresh trend high again today and confirmed a print above 4300.00, maintaining the bullish theme and positive price sequence. The contract recently recovered from support around the 50-day EMA and this reinforces bullish conditions. Stronger gains above 4300.00 would open 4322.15, a Fibonacci extension. Key short-term trend support is 4126.75, low Jun 21. Initial support is at 4233.20, the 20-day EMA.

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