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E-MINI S&P (H3): Fresh Short-Term Highs

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: 4063.50 Intraday high
  • PRICE: 4058.50 @ 14:27 GMT Jan 26
  • SUP 1: 3944.42 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 recovered from yesterday’s low and price is trading higher today . Key short-term resistance at 4056.75, Jan 23 high, has been breached. This confirms a resumption of recent bullish activity and signals scope for a climb towards 4100.00 and key resistance at 4180.00 further out, Dec 13 high. The key short-term support to watch lies at 3901.75, Jan 19 low. A break would be a bearish development.

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