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EQUITY TECHS: E-MINI S&P: (U4) Bulls Remain In The Driver’s Seat 

EQUITY TECHS
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • 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: 5669.75 Intraday high        
  • PRICE: 5629.50 @ 14:22 BST Sep 3
  • SUP 1: 5561.25/5518.91 Low Aug 29 / 50-day EMA  
  • SUP 2: 5438.75/5319.50 Low Aug 14 / 9 
  • SUP 3: 5182.00 Low Aug 8 
  • SUP 4: 5120.00 Low Aug 5 and the bear trigger

A bullish theme S&P E-Minis remains intact and the contract is trading closer to its recent highs. A resumption of gains would pave the way for a climb towards key resistance and the bull trigger at 5721.25, the Jul 16 high. Clearance of this level would resume the primary uptrend. Support to watch lies at 5518.91, the 50-day EMA. A clear breach of it is required to instead highlight a potential bearish threat.

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  • 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: 5669.75 Intraday high        
  • PRICE: 5629.50 @ 14:22 BST Sep 3
  • SUP 1: 5561.25/5518.91 Low Aug 29 / 50-day EMA  
  • SUP 2: 5438.75/5319.50 Low Aug 14 / 9 
  • SUP 3: 5182.00 Low Aug 8 
  • SUP 4: 5120.00 Low Aug 5 and the bear trigger

A bullish theme S&P E-Minis remains intact and the contract is trading closer to its recent highs. A resumption of gains would pave the way for a climb towards key resistance and the bull trigger at 5721.25, the Jul 16 high. Clearance of this level would resume the primary uptrend. Support to watch lies at 5518.91, the 50-day EMA. A clear breach of it is required to instead highlight a potential bearish threat.