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E-MINI S&P TECHS: (M4) Trend Needle Points North

EQUITY TECHS
  • RES 4: 5322.11 3.0% Bollinger Band
  • RES 3: 5305.35 2.0% 10-dma envelope
  • RES 2: 5300.00 Round number resistance
  • RES 1: 5257.25 High Mar 8 and the bull trigger
  • PRICE: 5241.50 @ 13:29 GMT Mar 20
  • SUP 1: 5175.27 20-day EMA
  • SUP 2: 5065.11 50-day EMA
  • SUP 3: 4994.25 Low Feb 13
  • SUP 4: 4921.00 Low Jan 31

The trend condition in S&P E-Minis remains bullish. Recent fresh cycle highs, reinforce current conditions and note that price action continues to highlight the fact that corrections remain shallow. This is an important bullish signal, reflecting positive market sentiment. Support to watch is 5175.27 the 20-day EMA. A clear break of this EMA would open 5065.11, the 50-day EMA. Sights are on 5300.00 next.

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