EQUITY TECHS: E-MINI S&P: (H6) Reversal Lower Exposes Key Support
- RES 4: 7080.92 0.764 proj of the Nov 21 - Dec 11 - 18 price swing
- RES 3: 7055.73 2.0% Upper Bollinger Band
- RES 2: 7043.00 High Jan 28 and bull trigger
- RES 1: 6922.20/7011.50 50-day EMA / High Feb 11
- PRICE: 6834.25 @ 14:57 GMT Feb 13
- SUP 1: 6751.50 Low Feb 6 and key short-term support
- SUP 2: 6733.00 Low Nov 25 ‘25
- SUP 3: 6691.56 76.4% retracement of the Nov 21 - Jan 28 bull leg
- SUP 4: 6583.00 Low Nov 21 ‘25 and a key medium-term support
A sharp sell-off yesterday in S&P E-Minis reinstates a potential bearish threat with key resistance at 7043.00 intact, the Jan 28 high and bull trigger. Attention turns to the key support at 6751.50, the Feb 6 low, where a break would highlight a top and a stronger short-term reversal. This would open 6691.56, a Fibonacci retracement point. Initial resistance to watch is at 6922.20, the 50-day EMA.
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