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EQUITY TECHS: E-MINI S&P: (Z4) Bulls Remain In The Driver’s Seat

EQUITY TECHS
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • RES 4: 6012.75 1.00 projection of the Aug 5 - Sep 3 - 6 price swing 
  • RES 3: 6000.00 Psychological handle
  • RES 2: 5961.00 1.00 projection of the Sep 6 - 17 - 18
  • RES 1: 5918.50 High Oct 14 
  • PRICE: 5909.50 @ 14:33 BST Oct 15
  • SUP 1: 5782.19/5724.00 20-day EMA / Low Oct 2      
  • SUP 2: 5701.99 50-day EMA  
  • SUP 3: 5675.25 Low Sep 18   
  • SUP 4: 5658.00 Low Sep 13 

A bull cycle in S&P E-Minis remains intact and Monday’s gains reinforce the current trend condition. The move higher confirms a resumption of the primary uptrend and maintains the bullish price sequence of higher highs and higher lows. Note that moving average studies are in a bull-mode setup, highlighting a dominant uptrend. Sights are on 5961.00, a Fibonacci projection. Initial support to watch is 5782.19, the 20-day EMA.

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  • RES 4: 6012.75 1.00 projection of the Aug 5 - Sep 3 - 6 price swing 
  • RES 3: 6000.00 Psychological handle
  • RES 2: 5961.00 1.00 projection of the Sep 6 - 17 - 18
  • RES 1: 5918.50 High Oct 14 
  • PRICE: 5909.50 @ 14:33 BST Oct 15
  • SUP 1: 5782.19/5724.00 20-day EMA / Low Oct 2      
  • SUP 2: 5701.99 50-day EMA  
  • SUP 3: 5675.25 Low Sep 18   
  • SUP 4: 5658.00 Low Sep 13 

A bull cycle in S&P E-Minis remains intact and Monday’s gains reinforce the current trend condition. The move higher confirms a resumption of the primary uptrend and maintains the bullish price sequence of higher highs and higher lows. Note that moving average studies are in a bull-mode setup, highlighting a dominant uptrend. Sights are on 5961.00, a Fibonacci projection. Initial support to watch is 5782.19, the 20-day EMA.