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EQUITY TECHS: S&P E-Minis Bullish Trend Condition

  • The latest move lower in the S&P E-Minis contract appears corrective.
  • Medium-term trend signals such as moving average studies, continue to highlight a dominant uptrend. The contract has traded
  • through the 20-day EMA. The next key support to monitor is the 50-day EMA.
  • A clear break of this level would signal scope for a deeper retracement.
  • A resumption of gains would refocus attention on the bull trigger at 6053.25, the Nov 11 high.
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  • The latest move lower in the S&P E-Minis contract appears corrective.
  • Medium-term trend signals such as moving average studies, continue to highlight a dominant uptrend. The contract has traded
  • through the 20-day EMA. The next key support to monitor is the 50-day EMA.
  • A clear break of this level would signal scope for a deeper retracement.
  • A resumption of gains would refocus attention on the bull trigger at 6053.25, the Nov 11 high.