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E-MINI S&P (H2): 4800.00 Remains Exposed

EQUITY TECHS
  • RES 4: 4863.55 123.6% Fib Extension for the Dec 20 - 28 Upleg
  • RES 3: 4854.19 0.764 proj of the Oct 1 - Nov 22 - Dec 3 price swing
  • RES 2: 4800.00 Round number resistance
  • RES 1: 4799.75 High Dec 30 and ATH
  • PRICE: 4794.25 @ 09:07 GMT Jan 3
  • SUP 1: 4595.14/4520.25 50-day EMA / Low Dec 20
  • SUP 2: 4485.75 Low Dec 3 and bear trigger
  • SUP 3: 4493.88 61.8% retracement of the Oct 1 - Nov 22 rally
  • SUP 4: 4436.97 76.4% retracement of the Oct 1 - Nov 22 rally

S&P E-minis printed a fresh alltime high Dec 30 of 4799.75. Trend conditions remain bullish and the 4800.00 is still exposed. A break higher would confirm a resumption of the uptrend and pave the way for a climb towards 4854.19, a Fibonacci projection. On the downside, initial support is seen at 4745.50, the Jan 3 low The 50-day EMA at 4634.63 remains a key pivot support parameter. A break of this EMA is required to threaten the trend.

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