EQUITY TECHS: E-MINI S&P: (H5) Impulsive Sell-Off 

• RES 4: 6200.00 Round number resistance    
• RES 3: 6178.75 High Dec 6 ‘24 and key resistance 
• RES 2: 6038.96/6166.50 50-day EMA / High Jan 19
• RES 1: 5935.50 Low Feb 3 and a recent breakout level                 
• PRICE: 5883.25 @ 14:49 GMT Feb 28 
• SUP 1: 5857.00 Intraday low              
• SUP 2: 5809.00 Low Jan 13 and a reversal trigger
• SUP 3: 5784.00 Low Nov 4 ’24  
• SUP 4: 5730.00 Low Sep 18 ‘24   

The latest move down in S&P E-Minis still appears corrective, however, price has breached a number of important supports this week; 6014.00, the Feb 10 low, and 5935.50, the Feb 3 low. The sharp move down signals scope for a deeper retracement and has exposed the next key support at 5809.00, the Jan 13 low. A breach of this level would highlight a stronger reversal. On the upside, initial firm resistance to watch 6038.96, the 50-day EMA.