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E-MINI S&P (H3): Fresh Trend High

  • RES 4: 4361.00 High Aug 16 and a key M/T resistance
  • RES 3: 4250.00 High Aug 26
  • RES 2: 4194.25 High Sep 13 and a key resistance
  • RES 1: 4180.00 Intraday high
  • PRICE: 4023.75 @ 06:52 GMT Dec 13
  • SUP 1: 3953.99/3945.75 50-day EMA / Low Dec 7 and key support
  • SUP 2: 3782.750 Low Nov 9
  • SUP 3: 3735.00 Low Nov 3
  • SUP 4: 3670.00 Low Oct 21

A strong rally in the S&P E-Minis has resulted in a break of 4142.50, Dec 1 high. This confirms a resumption of the uptrend and marks an extension of the bullish price sequence of higher highs and higher lows. Sights are on 4194.25, Sep 13 high. A breach of this hurdle would strengthen bullish conditions and open 4250.00, Aug 26 high. Key support has been defined at 3945.75, Dec 7 low. This is just below the 50-day EMA, at 3953.99.

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