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E-MINI S&P (Z1): Remains Below Today's All-Time High

  • RES 4: 4842.75 2.00 proj of Jul 19 - Aug 16 - 19 price swing
  • RES 1: 4800.00 Round number resistance
  • RES 2: 4783.40 1.764 proj of Jul 19 - Aug 16 - 19 price swing
  • RES 1: 4723.50/46.68 Intraday high / 1.618 of Jul 19-Aug 16-19 swing
  • PRICE: 4698.50 @ 14:39 GMT Nov 19
  • SUP 1: 4625.25 Low Nov 10
  • SUP 2: 4543.75 Low Oct 27
  • SUP 3: 4540.28/ 4472.00 50-day EMA / High Sep 27
  • SUP 4: 4317.25/4260.00 Low Oct 12 / Low Oct 1 and the bear trigger

S&P E-minis registered a fresh all-time high today, but faded in early Europe. Nonetheless, the break confirms a resumption of the underlying uptrend and maintains the bullish price sequence of higher highs and higher lows. The focus is on 4747.68 next, a Fibonacci projection. Trend signals such as MA studies are in a bull mode set-up and corrections remain shallow, reinforcing bullish conditions. The 50-day EMA at 4540.28 represents key support.

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