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US 10YR FUTURE TECHS: E-MINI S&P: (Z4) Bulls Remain In The Driver’s Seat

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisNorth AmericaBulletGlobalFixed Income BulletsRegionMarkets
  • 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 and the bull trigger 
  • PRICE: 5876.75 @ 14:44 GMT Oct 28
  • SUP 1: 5801.00/5753.57  Low Oct 23 / 50-day EMA  
  • 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 continues to trade below their recent highs. Short-term weakness is considered corrective and the uptrend remains intact. Price has recently traded through support at the 20-day EMA, at 5854.44, but is - for now - trading above this average. A clear bearish break of the EMA would open 5753.57, the 50-day EMA. A stronger resumption of gains would refocus attention on 5961.00, a Fibonacci projection. 

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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 and the bull trigger 
  • PRICE: 5876.75 @ 14:44 GMT Oct 28
  • SUP 1: 5801.00/5753.57  Low Oct 23 / 50-day EMA  
  • 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 continues to trade below their recent highs. Short-term weakness is considered corrective and the uptrend remains intact. Price has recently traded through support at the 20-day EMA, at 5854.44, but is - for now - trading above this average. A clear bearish break of the EMA would open 5753.57, the 50-day EMA. A stronger resumption of gains would refocus attention on 5961.00, a Fibonacci projection.