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E-MINI S&P (M3): Testing The 50-Day EMA

EQUITY TECHS
Homepagemarkets-real-timeBulletMarketsFixed Income NewsForeign Exchange News
  • RES 4: 4148.48 76.4% retracement of the Feb 2 - Mar 13 downleg
  • RES 3: 4119.50 High Mar 6
  • RES 2: 4089.39 61.8% retracement of the Feb 2 - Mar 13 downleg
  • RES 1: 4019.45/4073.75 50-day EMA / High Mar 22
  • PRICE: 4038.75 @ 14:15 BST Mar 29
  • SUP 1: 3937.00/3897.25 Low Mar 24 / 20
  • SUP 2: 3839.25 Low Mar 13
  • SUP 3: 3822.00 Low Dec 22 and a key support
  • SUP 4: 3778.00 Low Nov 3

S&P E-Minis are firmer today but remains below resistance at 4073.75. The pullback from last week’s high means that price has - so far - failed to remain above pivot resistance at the 50-day EMA - the EMA intersects at 4019.45. A clear break of the average is required to strengthen bullish conditions. Support lies at 3937.00, the Mar 24 low. A breach would instead open 3897.25 next, the Mar 20 low. 4073.75, the Mar 22 high, is the bull trigger.

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  • RES 4: 4148.48 76.4% retracement of the Feb 2 - Mar 13 downleg
  • RES 3: 4119.50 High Mar 6
  • RES 2: 4089.39 61.8% retracement of the Feb 2 - Mar 13 downleg
  • RES 1: 4019.45/4073.75 50-day EMA / High Mar 22
  • PRICE: 4038.75 @ 14:15 BST Mar 29
  • SUP 1: 3937.00/3897.25 Low Mar 24 / 20
  • SUP 2: 3839.25 Low Mar 13
  • SUP 3: 3822.00 Low Dec 22 and a key support
  • SUP 4: 3778.00 Low Nov 3

S&P E-Minis are firmer today but remains below resistance at 4073.75. The pullback from last week’s high means that price has - so far - failed to remain above pivot resistance at the 50-day EMA - the EMA intersects at 4019.45. A clear break of the average is required to strengthen bullish conditions. Support lies at 3937.00, the Mar 24 low. A breach would instead open 3897.25 next, the Mar 20 low. 4073.75, the Mar 22 high, is the bull trigger.