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E-MINI S&P (H3): Edges Lower Through London Close

EQUITY TECHS
  • RES 4: 4361.00 High Aug 16
  • RES 3: 4300.00 Round number resistance
  • RES 2: 4250.00 High Aug 26, 2022
  • RES 1: 4208.50 High Feb 2 and the bull trigger
  • PRICE: 4076.00 @ 15:29 GMT Feb 21
  • SUP 1: 4031.43 50-day EMA
  • SUP 2: 4029.25 Low Feb 21
  • SUP 3: 3901.75 Low Jan 19
  • SUP 4: 3788.50 Low Dec 22 and a key support

Slippage Tuesday put the S&P E-Minis lower through the London close, with prices failing to find support until the 50-day EMA at 4031.50. Should this level hold, prices need to recover back above 4100 to stabilise the now bearish outlook. Weakness through here will open 3901.75 and below.

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