Free Trial

E-MINI S&P TECHS: (Z3) Trendline Resistance Remains Exposed

  • RES 4: 4566.00 High Sep 15
  • RES 3: 4508.00 High Sep 20
  • RES 2: 4435.50 Trendline resistance drawn from the Jul 27 high
  • RES 1: 4432.12 High Oct 12
  • PRICE: 4361.25 @ 10:36 GMT Nov 10
  • SUP 1: 4257.75/4122.25 Low Nov 3 / Low Oct 27 and the bear trigger
  • SUP 2: 4100.00 Round number support 4124.19
  • SUP 3: 4090.35 1.764 proj of the Jul 27 - Aug 18 - Sep 1 price swing
  • SUP 4: 4049.00 Low Mar 28

S&P e-minis maintain a firmer short-term tone despite today’s pullback - a pullback is for now considered corrective. Price has recently cleared the 20- and 50-day EMAs. The break of the 50-day average - a key short-term pivot level - has strengthened bullish conditions. Sights are on 4430.50, the Oct 12 high and 4432.12, trendline resistance drawn from the Jul 27 high. Key support and the bear trigger is at 4122.25, the Oct 27 low.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.