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E-MINI S&P (Z1): Still Heading North

  • RES 4: 4717.00 1.50 proj of Jul 19 - Aug 16 - Aug 19 price swing
  • RES 1: 4700.00 Round number resistance
  • RES 3: 4687.32 1.382 proj of Jul 19 - Aug 16 - Aug 19 price swing
  • RES 1: 4677.50 Intraday high
  • PRICE: 4671.50 @ 07:04 GMT Nov 5
  • SUP 1: 4586.50 Low Nov 1
  • SUP 2: 4543.75/4472.00 Low Oct 27 / High Sep 27
  • SUP 3: 4471.67 50-day EMA and key near-term support
  • SUP 4: 4317.25/4260.00 Low Oct 12 / Low Oct 1 and the bear trigger

S&P E-minis maintain a bullish tone. The contract continues to head north and deliver fresh all-time highs. These fresh highs confirm a resumption of the uptrend and the focus is on 4687.32 next, a Fibonacci projection. Trend signals such as moving average studies remain in a bull mode, reinforcing current conditions and market sentiment. The 50-day EMA at 4463.44 continues to represent a firm support handle.

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