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AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

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E-MINI S&P (M2): Gains Considered Corrective

EQUITY TECHS
Fixed Income Technical AnalysisForeign Exchange Technical Analysismarkets-real-timeEquitiesBulletMarketsFixed IncomeForeign Exchange
  • RES 4: 4588.75 High Apr 5
  • RES 3: 4509.00 High Apr 21 and a key short-term resistance
  • RES 2: 4375.43 50-day EMA
  • RES 1: 4303.50/4355.50 High Apr 26/28 / Low Apr 18
  • PRICE: 4292.00 @ 05:13 BST May 5
  • SUP 1: 4142.75/4056.00 Low May 4 / Low May 2 and the bear trigger
  • SUP 2: 4029.25 High May 13 2021
  • SUP 3: 4000.00 Psychological round number
  • SUP 4: 3958.00 2.00 proj of the Mar 29 - Apr 18 - 21 price swing

S&P E-Minis rallied sharply higher yesterday, extending the recovery from Monday’s trend low of 4056.75. Broader trend conditions remain bearish and the current bull phase is likely a correction. Initial resistance to watch is at 4303.50, the Apr 26/28 high. A break would suggest scope for an extension higher towards the 50-day EMA at 4375.43. A resumption of weakness would refocus attention on the bear trigger at 4056.00.

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  • RES 4: 4588.75 High Apr 5
  • RES 3: 4509.00 High Apr 21 and a key short-term resistance
  • RES 2: 4375.43 50-day EMA
  • RES 1: 4303.50/4355.50 High Apr 26/28 / Low Apr 18
  • PRICE: 4292.00 @ 05:13 BST May 5
  • SUP 1: 4142.75/4056.00 Low May 4 / Low May 2 and the bear trigger
  • SUP 2: 4029.25 High May 13 2021
  • SUP 3: 4000.00 Psychological round number
  • SUP 4: 3958.00 2.00 proj of the Mar 29 - Apr 18 - 21 price swing

S&P E-Minis rallied sharply higher yesterday, extending the recovery from Monday’s trend low of 4056.75. Broader trend conditions remain bearish and the current bull phase is likely a correction. Initial resistance to watch is at 4303.50, the Apr 26/28 high. A break would suggest scope for an extension higher towards the 50-day EMA at 4375.43. A resumption of weakness would refocus attention on the bear trigger at 4056.00.