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E-MINI S&P TECHS: (Z3) Bears Remains In The Driver’s Seat

EQUITY TECHS
Homepagemarkets-real-timeBulletMarketsFixed Income NewsForeign Exchange News
  • RES 4: 4566.00 High Sep 15 and a key resistance
  • RES 3: 4514.50 High Sep 18
  • RES 2: 4447.76 50-day EMA
  • RES 1: 4391.25 20-day EMA
  • PRICE: 4292.75 @ 07:12 BST Oct 5
  • 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

A bear cycle in S&P E-minis remains in play. The contract traded lower yesterday, confirming a resumption of the bear leg once again and maintaining the price sequence of lower lows and lower highs. This signals scope for weakness towards 4194.75, the May 24 low. Pivot resistance is 4447.76, the 50-day EMA. Ahead of the 50-day average is resistance at 4391.25, the 20-day EMA.

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  • RES 4: 4566.00 High Sep 15 and a key resistance
  • RES 3: 4514.50 High Sep 18
  • RES 2: 4447.76 50-day EMA
  • RES 1: 4391.25 20-day EMA
  • PRICE: 4292.75 @ 07:12 BST Oct 5
  • 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

A bear cycle in S&P E-minis remains in play. The contract traded lower yesterday, confirming a resumption of the bear leg once again and maintaining the price sequence of lower lows and lower highs. This signals scope for weakness towards 4194.75, the May 24 low. Pivot resistance is 4447.76, the 50-day EMA. Ahead of the 50-day average is resistance at 4391.25, the 20-day EMA.