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Resend: E-MINI S&P (M1): All Eyes On Resistance


  • RES 4: 4292.25 3.0% 10-dma envelope
  • RES 3: 4239.26 1.764 proj of the Feb 1 - Feb 16 - Mar 4 price swing
  • RES 2: 4238.25 High May 10 and the bull trigger
  • RES 1: 4217.50 High May 31
  • PRICE: 4205.75 @ 06:05 BST May 31
  • SUP 1: 4142.50 Low May 24
  • SUP 2: 4055.60 Low May 19
  • SUP 3: 4029.25 Low May 13 and key short-term support
  • SUP 4: 4021.00 Low Apr 5

S&P E-minis remain firm. The contract breached former resistance at 4185.00 last week, May 21 high. Recent gains have also reinforced the bullish significance of the recovery in May from support defined by the 50-day EMA. The average has been tested twice this month. Attention is on key resistance and the bull trigger at 4238.25, May 10 high. Initial firm support is unchanged at 4055.50, May 19 low.

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