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E-MINI S&P (U2): Resumes Its Uptrend

EQUITY TECHS
  • RES 4: 4400.00 Round number resistance
  • RES 3: 4345.75 2.00 proj of the Jun 17 - 28 - Jul 14 price swing
  • RES 2: 4306.50 High May 4
  • RES 1: 4204.75 High May 31 and a key resistance
  • PRICE: 4196.75 @ 14:31 BST Aug 10
  • SUP 1: 4080.50 Low Aug 2
  • SUP 2: 4008.43/3913.25 50-day EMA / Low Jul 26 and a key support
  • SUP 3: 3820.25 Low Jul 18
  • SUP 4: 3723.75 Low Jul 14

S&P E-Minis have traded higher today and delivered a fresh trend high print of 4201.50. This reinforces short-term bullish conditions. Continued gains would also maintain the positive price sequence of higher highs and higher lows. The focus is on 4204.75 next, May 31 high and the next key resistance. On the downside, initial trend support is at 4080.50, the Aug 2 low. The 50-day EMA intersects at 4008.43 - a key support.

Energy BulletsCommodities
Energy BulletsCommodities

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