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E-MINI S&P (H3): Trend Signals Remain Bullish

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: 4109.25 High Jan 27
  • PRICE: 4077.75 @ 14:24 GMT Feb 1
  • SUP 1: 4007.50/3963.07 Low Jan 31 / 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 recovered from yesterday's low. The recent move down appears to be a correction and the uptrend remains intact - yesterday’s bounce reinforces bullish conditions. The recent breach of resistance resulted in a print above the 4100.00 handle and an extension higher would open 4180.00, the Dec 13 high and a bull trigger. Initial firm and key support has been defined at 3963.07, the 50-day EMA.

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