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EQUITY TECHS: E-MINI S&P: (Z4) Monitoring Support

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 projection of the Sep 6 - 17 - 18 price swing   
  • RES 2: 6070.16 1.382 projection of the Sep 6 - 17 - 18 price swing
  • RES 1: 6053.25 High Nov 11 and the bull trigger      
  • PRICE: 5936.75 @ 14:25 GMT Nov 15
  • SUP 1: 5911.09 20-day EMA   
  • SUP 2: 5823.84 50-day EMA 
  • SUP 3: 5724.25 Low Nov 4 and a key support   
  • SUP 4: 5675.25 Low Sep 18

The trend condition in S&P E-Minis remains bullish and the latest pullback is - for now - considered corrective. A key short-term support has been defined at 5724.25, the Nov 4 low. Initial supports to watch are 5911.09 and 5823.84, the 20- and 50-day EMA points respectively. Recent gains resulted in a breach of the bull trigger at 5927.25, Oct 17 high, confirming a resumption of the primary uptrend. Sights are on 6070.16, a Fibonacci projection.

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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 projection of the Sep 6 - 17 - 18 price swing   
  • RES 2: 6070.16 1.382 projection of the Sep 6 - 17 - 18 price swing
  • RES 1: 6053.25 High Nov 11 and the bull trigger      
  • PRICE: 5936.75 @ 14:25 GMT Nov 15
  • SUP 1: 5911.09 20-day EMA   
  • SUP 2: 5823.84 50-day EMA 
  • SUP 3: 5724.25 Low Nov 4 and a key support   
  • SUP 4: 5675.25 Low Sep 18

The trend condition in S&P E-Minis remains bullish and the latest pullback is - for now - considered corrective. A key short-term support has been defined at 5724.25, the Nov 4 low. Initial supports to watch are 5911.09 and 5823.84, the 20- and 50-day EMA points respectively. Recent gains resulted in a breach of the bull trigger at 5927.25, Oct 17 high, confirming a resumption of the primary uptrend. Sights are on 6070.16, a Fibonacci projection.