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EQUITY TECHS: E-MINI S&P: (U4) Bull Cycle Extends 

EQUITY TECHS
  • RES 4: 5821.25 1.00 proj of the Apr 19 - Jul 16 - Aug 5 price swing  
  • RES 3: 5800.00 Round number resistance  
  • RES 2: 5721.25 High Jul 16 and Key resistance
  • RES 1: 5664.00 High Jul 18       
  • PRICE: 5625.50 @ 07:18 BST Aug 21
  • SUP 1: 5476.18 50-day EMA  
  • SUP 2: 5319.50 Low Aug 9 
  • SUP 3: 5182.00 Low Aug 8 
  • SUP 4: 5120.00 Low Aug 5 and the bear trigger

S&P E-Minis traded higher Tuesday, reinforcing the current bull cycle and confirms once again an extension of the reversal that started Aug 5. Price has cleared resistance at 2600.75, the Aug 1 high and this signals scope for an extension towards key resistance and the bull trigger at 5721.25, the Jul 16 high. A break would resume the primary uptrend. On the downside, support to watch lies at 5476.18, the 50-day EMA.

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