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

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: 6053.25 High Nov 11 and the bull trigger      
  • PRICE: 6018.75 @ 14:30 GMT Nov 26
  • SUP 1: 5934.75 20-day EMA      
  • SUP 2: 5855.60 50-day EMA 
  • SUP 3: 5814.75 Low Nov 6   
  • SUP 4: 5724.25 Low Nov 4 and a key support

S&P E-Minis started the week on a bullish note with the contract extending the recovery from 5855.00, the Nov 19 low. Recent weakness appears to have been a correction. Medium-term trend signals such as moving average studies, continue to highlight a dominant uptrend. Sights are on the bull trigger at 6053.25, the Nov 11 high. A break would resume the uptrend. On the downside, key short-term support to watch is 5855.60, the 50-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: 6053.25 High Nov 11 and the bull trigger      
  • PRICE: 6018.75 @ 14:30 GMT Nov 26
  • SUP 1: 5934.75 20-day EMA      
  • SUP 2: 5855.60 50-day EMA 
  • SUP 3: 5814.75 Low Nov 6   
  • SUP 4: 5724.25 Low Nov 4 and a key support

S&P E-Minis started the week on a bullish note with the contract extending the recovery from 5855.00, the Nov 19 low. Recent weakness appears to have been a correction. Medium-term trend signals such as moving average studies, continue to highlight a dominant uptrend. Sights are on the bull trigger at 6053.25, the Nov 11 high. A break would resume the uptrend. On the downside, key short-term support to watch is 5855.60, the 50-day EMA.