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E-MINI S&P (Z1): Trend Conditions Remain Bullish

EQUITY TECHS
  • 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: 4707.00 @ 06:54 GMT Nov 22
  • SUP 1: 4625.25 Low Nov 10
  • SUP 2: 4546.35/4543.75 50-day EMA / Low Oct 27
  • SUP 3: 4472.00 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 Friday.The break higher 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 moving average studies are in a bull mode set-up and corrections remain shallow, reinforcing the bullish theme. The 50-day EMA at 4546.35 represents key support.

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