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E-MINI S&P (Z1): Fresh Trend Highs

EQUITY TECHS
  • RES 4: 4687.32 1.382 proj of Jul 19 - Aug 16 - Aug 19 price swing
  • RES 1: 4650.60 1.236 proj of Jul 19 - Aug 16 - Aug 19 price swing
  • RES 3: 4600.00 Round number resistance
  • RES 1: 4591.25 1.00 proj of Jul 19 - Aug 16 - Aug 19 price swing
  • PRICE: 4604.25 @ 06:54 BST Nov 1
  • SUP 1: 4543.75/4472.00 Low Oct 27 / High Sep 27
  • SUP 2: 4442.53 50-day EMA and key near-term support
  • SUP 3: 4317.25/4260.00 Low Oct 12 / Low Oct 1 and the bear trigger
  • SUP 4: 4243.50 Low Jul 20

S&P E-minis remain bullish and have started the week on a firmer note, breaching last week's high and the 4600.00 handle. Fresh trend highs confirm a resumption of the uptrend and the focus is on 4650.60 next, a Fibonacci projection. Trend signals such as moving average studies remain in a bull mode, reinforcing current trend conditions. The 50-day EMA at 4442.53 represents the initial firm support handle.

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