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E-MINI S&P TECHS: (Z3) Bear Cycle Hits Pause

EQUITY TECHS
  • RES 4: 4566.00 High Sep 15 and a key resistance
  • RES 3: 4514.50 High Sep 18
  • RES 2: 4432.24 50-day EMA
  • RES 1: 4419.00 High Oct 11
  • PRICE: 4405.50 @ 12:28 BST Oct 11
  • SUP 1: 4235.50 Low Oct 4
  • SUP 2: 4194.75 Low May 24
  • SUP 3: 4166.25 1.50 proj of the Jul 27 - Aug 18 - Sep 1 price swing
  • SUP 4: 4134.00 Low May 4

The e-mini S&P trades higher for a fourth consecutive session, with the index holding just below the week’s highs ahead of the Wednesday cash open. Overall, a bear cycle remains in play, however downside momentum has paused in favour of a corrective rally. Pivot resistance remains above at the 50-day EMA at 4432.24, with the medium-term outlook remaining bearish the longer price holds below this level.

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