January 27, 2023 15:27 GMT
E-MINI S&P (H3): Bull Cycle Extends
EQUITY TECHS
- RES 4: 4250.00 High Aug 26, 2022
- RES 3: 4194.25 High Sep 13
- RES 2: 4180.00 High Dec 13 and the bull trigger
- RES 1: 4093.75 Intraday high
- PRICE: 4086.75 @ 15:15 GMT Jan 27
- SUP 1: 3949.56 50-day EMA
- SUP 2: 3901.75/3891.50 Low Jan 19 / Low Jan 10
- SUP 3: 3788.50/78.45 Low Dec 22 / 61.8% of Oct 13-Dec 13 uptrend
- SUP 4: 3735.00 Low Nov 3
S&P E-Minis have traded higher again today and confirmed a resumption of the current uptrend. The breach of resistance has exposed the 4100.00 handle. Further out, an extension higher would open 4180.00, the Dec 13 high and a bull trigger. Initial firm support has been defined at 3949.56, the 50-day EMA. A move below the average would be seen as a bearish development and signal a short-term reversal.
131 words