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EQUITY TECHS: E-MINI S&P: (Z4) Fresh All-Time High

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: 6070.16 1.382 proj of the Sep 6 - 17 - 18 price swing
  • RES 1: 6062.00 Intraday high      
  • PRICE: 6057.00 @ 14:41 GMT Dec 2
  • SUP 1: 5960.85 20-day EMA      
  • SUP 2: 5876.00 50-day EMA 
  • SUP 3: 5814.75 Low Nov 6   
  • SUP 4: 5724.25 Low Nov 4 and a key support

On Friday, S&P E-Minis pierced key resistance and the bull trigger at 6053.25, the Nov 11 high. This confirms a resumption of the uptrend. Note that moving average studies remain in a bull-mode set-up, highlighting a dominant uptrend and positive market sentiment. Sights are on 6070.16, a Fibonacci projection point. Initial support to watch lies at 5960.85, 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: 6070.16 1.382 proj of the Sep 6 - 17 - 18 price swing
  • RES 1: 6062.00 Intraday high      
  • PRICE: 6057.00 @ 14:41 GMT Dec 2
  • SUP 1: 5960.85 20-day EMA      
  • SUP 2: 5876.00 50-day EMA 
  • SUP 3: 5814.75 Low Nov 6   
  • SUP 4: 5724.25 Low Nov 4 and a key support

On Friday, S&P E-Minis pierced key resistance and the bull trigger at 6053.25, the Nov 11 high. This confirms a resumption of the uptrend. Note that moving average studies remain in a bull-mode set-up, highlighting a dominant uptrend and positive market sentiment. Sights are on 6070.16, a Fibonacci projection point. Initial support to watch lies at 5960.85, the 20-day EMA.