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E-MINI S&P (H2): Approaching The October 2021 Low

EQUITY TECHS
  • RES 4: 4739.50 High Jan 12
  • RES 3: 44672.75 High Jan 18
  • RES 2: 4628.59 50-day EMA
  • RES 1: 4485.75 Low Dec 3
  • PRICE: 4321.25 @ 14:22 GMT Jan 24
  • SUP 1: 4311.00 Low Oct 12
  • SUP 2: 4252.75 Low Oct 1 and a key support
  • SUP 3: 4215.00 Low Jul 19, 2021
  • SUP 4: 4186.57 23.6% of the Mar ‘20 - Jan ‘22 major rally

Today is proving to be another bearish session for S&P E-minis. The contract has started the week on a softer note, extending January's bearish tone. Today’s breach of 4383.85, 76.4% of Oct 2021 - Jan rally strengthens the current bearish threat and opens 4311.00, Oct 12 low ahead of a more important support at 4252.75, Oct 1 low. On the upside, initial firm resistance is seen at 4485.75, the Dec 3 low.

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