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E-MINI S&P (Z2): Key Short-Term Support Remains Exposed

EQUITY TECHS
  • RES 4: 4345.75 High Aug 16 and a bull trigger
  • RES 3: 4313.50 High Aug 18
  • RES 2: 4234.25 High Aug 26
  • RES 1: 4175.00/47 High Sep 13 / 61.8% of Aug 16 - Sep 7 downleg
  • PRICE: 3946.75 @ 14:30 BST Sep 15
  • SUP 1: 3900.00 Low Sep 7 and the bear trigger
  • SUP 2: 3851.50 Low Jul 19
  • SUP 3: 3741.75 Low Jul 14
  • SUP 4: 3657.00 Low Jun 17 and a major support

A strong reversal in S&P E-Minis Tuesday, threatens the recent recovery and the contract remains vulnerable. A continuation lower would expose the key short-term support at 3900.00, Sep 7 low and a bear trigger. A break of this level would strengthen a bearish case and signal scope for deeper pullback. Tuesday’s high of 4175.00 represents an important near-term resistance. A break is required to resume bullish activity.

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