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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: 6145.26 1.236 proj of the Aug 5 - Sep 3 - 6 price swing
  • RES 3: 6103.88 1.500 proj of the Sep 6 - 17 - 18 price swing   
  • RES 2: 6100.00 Round number resistance 
  • RES 1: 6086.00 Intraday high       
  • PRICE: 6082.75 @ 14:22 GMT Dec 4
  • SUP 1: 5970.46 20-day EMA      
  • SUP 2: 5883.29 50-day EMA 
  • SUP 3: 5814.75 Low Nov 6   
  • SUP 4: 5724.25 Low Nov 4 and a key support

The S&P E-Minis contract maintains a bullish tone and has again traded to a fresh cycle high, today. This confirms a resumption of the uptrend and signals scope for a continuation near-term. Note that moving average studies are in a bull-mode set-up, highlighting a dominant uptrend and positive market sentiment. Sights are on the 6100.00 handle next. Initial support to watch lies at 5979.30, the 20-day EMA.

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  • RES 4: 6145.26 1.236 proj of the Aug 5 - Sep 3 - 6 price swing
  • RES 3: 6103.88 1.500 proj of the Sep 6 - 17 - 18 price swing   
  • RES 2: 6100.00 Round number resistance 
  • RES 1: 6086.00 Intraday high       
  • PRICE: 6082.75 @ 14:22 GMT Dec 4
  • SUP 1: 5970.46 20-day EMA      
  • SUP 2: 5883.29 50-day EMA 
  • SUP 3: 5814.75 Low Nov 6   
  • SUP 4: 5724.25 Low Nov 4 and a key support

The S&P E-Minis contract maintains a bullish tone and has again traded to a fresh cycle high, today. This confirms a resumption of the uptrend and signals scope for a continuation near-term. Note that moving average studies are in a bull-mode set-up, highlighting a dominant uptrend and positive market sentiment. Sights are on the 6100.00 handle next. Initial support to watch lies at 5979.30, the 20-day EMA.