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

EQUITY TECHS
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • RES 4: 6000.00 Psychological handle  
  • RES 3: 5961.00 1.00 proj of the Sep 6 - 17 - 18 
  • RES 2: 5900.00 Round number resistance
  • RES 1: 5868.50 1.00 proj of the Apr 19 - Jul 16 - Aug 5 price swing
  • PRICE: 5857.50 @ 07:03 BST Oct 14
  • SUP 1: 5768.92/5724.00 20-day EMA / Low Oct 2      
  • SUP 2: 5693.38 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 last week’s gains reinforce this condition. Price has traded to fresh all-time highs, once again, confirming a resumption of the primary uptrend. Note that moving average studies are in a bull-mode setup, highlighting a dominant uptrend and positive market sentiment. Sights are on 5868.50, a Fibonacci projection, and 5900.00 further out. Initial support to watch is 5768.92, the 20-day EMA. It has been pierced. Key support lies at 5693.38 the 50-day EMA.

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  • RES 4: 6000.00 Psychological handle  
  • RES 3: 5961.00 1.00 proj of the Sep 6 - 17 - 18 
  • RES 2: 5900.00 Round number resistance
  • RES 1: 5868.50 1.00 proj of the Apr 19 - Jul 16 - Aug 5 price swing
  • PRICE: 5857.50 @ 07:03 BST Oct 14
  • SUP 1: 5768.92/5724.00 20-day EMA / Low Oct 2      
  • SUP 2: 5693.38 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 last week’s gains reinforce this condition. Price has traded to fresh all-time highs, once again, confirming a resumption of the primary uptrend. Note that moving average studies are in a bull-mode setup, highlighting a dominant uptrend and positive market sentiment. Sights are on 5868.50, a Fibonacci projection, and 5900.00 further out. Initial support to watch is 5768.92, the 20-day EMA. It has been pierced. Key support lies at 5693.38 the 50-day EMA.