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EQUITY TECHS: E-MINI S&P: (Z4) Trend Needle Points North

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 price swing
  • RES 1: 5927.25 High Oct 17
  • PRICE: 5869.75 @ 14:13 BST Oct 23
  • SUP 1: 5830.91/5742.01  20-and 50-day EMA values  
  • SUP 2: 5724.00 Low Oct 2
  • SUP 3: 5675.25 Low Sep 18  
  • SUP 4: 5658.00 Low Sep 13

S&P E-Minis trend conditions are unchanged and signals remain bullish. The latest move lower is considered corrective. Recent fresh cycle highs confirm a resumption of the primary uptrend and maintain 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 5830.91, 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 price swing
  • RES 1: 5927.25 High Oct 17
  • PRICE: 5869.75 @ 14:13 BST Oct 23
  • SUP 1: 5830.91/5742.01  20-and 50-day EMA values  
  • SUP 2: 5724.00 Low Oct 2
  • SUP 3: 5675.25 Low Sep 18  
  • SUP 4: 5658.00 Low Sep 13

S&P E-Minis trend conditions are unchanged and signals remain bullish. The latest move lower is considered corrective. Recent fresh cycle highs confirm a resumption of the primary uptrend and maintain 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 5830.91, the 20-day EMA.