E-MINI S&P (Z1): Holding Onto The Bulk Of Recent Gains

• RES 4: 4591.25 1.00 proj of Jul 19 - Aug 16 - Aug 19 price swing
• RES 1: 4539.50 High Sep 3 and the bull trigger
• RES 3: 4519.75 High Sep 9
• RES 1: 4421.50/4472.00 High Oct 7 / High Sep 27
• PRICE: 4381.75 @ 14:06 BST Oct 11
• SUP 1: 4260.00 Low Oct 1 and the bear trigger
• SUP 2: 4243.50 Low Jul 20
• SUP 3: 4214.50 Low Jul 19 and a key support
• SUP 4: 4117.00 Low Jun 21

S&P E-minis are holding onto most of the recent gains. Attention is on the 50-day EMA that intersects at 4390.56 today. This is an important short-term pivot resistance and a clear break is required to signal scope for a stronger recovery. Note, the contract has probed the 50-day EMA, an extension would open 4472.00, Sep 27 high. Key support to watch is unchanged at 4260.00, the Oct 1 low and the bear trigger.