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E-MINI S&P TECHS: (U3) Trend Needle Points North

EQUITY TECHS
  • RES 4: 4492.25 2.00 projection of the May 4 - 19 - 24 price swing
  • RES 3: 4485.18 Channel top from the Oct ‘22 low (cont)
  • RES 2: 4452.42 1.764 projection of the May 4 - 19 - 24 price swing
  • RES 1: 4439.50 High Jun 14
  • PRICE: 4410.25 @ 14:21 BST Jun 15
  • SUP 1: 4348.75/4304.28 Low Jun 5 / 20-day EMA
  • SUP 2: 4232.58 50-day EMA
  • SUP 3: 4154.75 Low May 24
  • SUP 4: 4098.25 Low May 4 and a key support

S&P E-minis traded higher again Wednesday. The move confirms a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows, marking an extension of the bull cycle that started in October 2022. The focus is on a climb towards 4452.42, a Fibonacci projection. Firm support is at 4304.28, the 20-day EMA. Initial support is at 4348.75, the Jun 5 high.

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