January 25, 2023 14:34 GMT
E-MINI S&P (H3): Directional Triggers defined
EQUITY TECHS
- RES 4: 4194.25 High Sep 13
- RES 3: 4180.00 High Dec 13 and the bull trigger
- RES 2: 4090.75 High Dec 14
- RES 1: 4056.75 High Jan 23
- PRICE: 3988.75 @ 14:23 GMT Jan 25
- SUP 1: 3901.75/3891.50 Low Jan 19 / Low Jan 10
- SUP 2: 3788.50/78.45 Low Dec 22 / 61.8% of Oct 13-Dec 13 uptrend
- SUP 3: 3735.00 Low Nov 3
- SUP 4: 3670.00 76.4% retracement of the Oct 13 - Dec 13 uptrend
S&P E-Minis are trading lower today. A key S/T resistance has been defined at 4056.75, the Jan 23 high. A break of this level would confirm a resumption of recent bullish activity and signal scope for a climb towards the 4100.00 handle and key resistance at 4180.00 further out, the Dec 13 high. The key short-term support to watch lies at 3901.75, the Jan 19 low. A break would be bearish. 4056.75 and 3901.75 represent important directional triggers.
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