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E-MINI S&P (M2): Remains Above Tuesday’s Low

EQUITY TECHS
Fixed Income Technical AnalysisForeign Exchange Technical Analysismarkets-real-timeEquitiesBulletMarketsFixed IncomeForeign Exchange
  • RES 4: 4631.00 High Mar 29 and key resistance
  • RES 3: 4588.75 High Apr 5
  • RES 2: 4509.00 High Apr 21 and a key short-term resistance
  • RES 1: 4303.50/4355.50 High Apr 26/28 / Low Apr 18
  • PRICE: 4269.50 @ 06:53 BST Apr 29
  • SUP 1: 4136.75 Low Apr 26
  • SUP 2: 4129.50 Low Mar 15 and a key support
  • SUP 3: 4094.25 Low Feb 24 and a bear trigger
  • SUP 4: 4063.24 1.618 proj of the Mar 29 - Apr 18 - 21 price swing

S&P E-Minis remain in a downtrend despite the recent recovery from 4136.75, Apr 26 low. This week’s lows reinforced bearish conditions and confirmed a resumption of the bear cycle. This has opened 4129.50, the Mar 15 low. Initial resistance has been defined at 4303.50, Apr 26/28 high. A break of this hurdle would signal scope for a stronger corrective bounce and expose 4355.50, the Apr 18 low.

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  • RES 4: 4631.00 High Mar 29 and key resistance
  • RES 3: 4588.75 High Apr 5
  • RES 2: 4509.00 High Apr 21 and a key short-term resistance
  • RES 1: 4303.50/4355.50 High Apr 26/28 / Low Apr 18
  • PRICE: 4269.50 @ 06:53 BST Apr 29
  • SUP 1: 4136.75 Low Apr 26
  • SUP 2: 4129.50 Low Mar 15 and a key support
  • SUP 3: 4094.25 Low Feb 24 and a bear trigger
  • SUP 4: 4063.24 1.618 proj of the Mar 29 - Apr 18 - 21 price swing

S&P E-Minis remain in a downtrend despite the recent recovery from 4136.75, Apr 26 low. This week’s lows reinforced bearish conditions and confirmed a resumption of the bear cycle. This has opened 4129.50, the Mar 15 low. Initial resistance has been defined at 4303.50, Apr 26/28 high. A break of this hurdle would signal scope for a stronger corrective bounce and expose 4355.50, the Apr 18 low.