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E-MINI S&P (Z1): Lower But Still Above The 50-Day EMA

EQUITY TECHS
  • RES 4: 4539.50 High Sep 3 and the bull trigger
  • RES 1: 4519.75 High Sep 9
  • RES 3: 4481.50 76.4% retracement of the Sep 3 - 20 downleg
  • RES 1: 4478.50 High Sep 16
  • PRICE: 4468.25 @ 06:55 BST Sep 27
  • SUP 1: 4385.75/293.75 Low Sep 23 / Low Sep 20 and bear trigger
  • SUP 2: 4243.50 Low Jul 20
  • SUP 3: 4214.50 Low Jul 19 and a key support
  • SUP 4: 4117.00 Low Jun 21

S&P E-minis have started the week on a firmer note as the contract extends the reversal from 4293.75 low, Sep 20 low. The contract has cleared a key short-term resistance at 4418.00, Sep 20 high. The break strengthens a bullish case and signals scope for a stronger recovery. Note too that the price is back above the 50-day day EMA and this is a positive development. 4293.75 remains the key support and is the bear trigger.

Energy BulletsCommodities
Energy BulletsCommodities

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