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E-MINI S&P (H3): Uptrend Remains Intact

EQUITY TECHS
Homepagemarkets-real-timeBulletMarketsFixed Income NewsForeign Exchange News
  • 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: 4030.50 @ 06:44 GMT Jan 31
  • SUP 1: 4027.25/3957.89 Low Jan 26 / 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 traded higher last week to confirm a resumption of the current uptrend. The move lower Monday is likely a correction. The recent breach of resistance has 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 support has been defined at 3957.89, the 50-day EMA. A move below the average would be seen as a bearish development and signal a reversal.

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  • 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: 4030.50 @ 06:44 GMT Jan 31
  • SUP 1: 4027.25/3957.89 Low Jan 26 / 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 traded higher last week to confirm a resumption of the current uptrend. The move lower Monday is likely a correction. The recent breach of resistance has 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 support has been defined at 3957.89, the 50-day EMA. A move below the average would be seen as a bearish development and signal a reversal.