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  • 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: 4371.25 @ 07:05 BST Oct 14
  • SUP 1: 4317.25/4260.00 Low Oct 12 / 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 has recovered but remains below recent highs. The contract has yet to confirm a clear break of the 50-day EMA. This highlights a bearish risk and attention is on the key support and bear trigger at 4260.00, Oct 1 low. A break of this support would confirm a resumption of the downtrend that started Sep 3. On the upside, a clear breach of the 50-day EMA - at 4385.86 today - is required to signal scope for a stronger bounce.