EQUITY TECHS: E-MINI S&P: (M6) Retracement Mode

• RES 4: 1.3712 High Feb 11     
• RES 3: 1.3662 High Feb 16  
• RES 2: 1.3575 High Feb 26 and a key S/T resistance 
• RES 1: 1.3494 50-day EMA 
• PRICE: 1.3448 @ 06:33 GMT Mar 10
• SUP 1: 1.3253 Low Mar 03 and the bear trigger
• SUP 2: 1.3212 76.4% retracement of the Nov 4 ‘25 - Jan 27 bull cycle
• SUP 3: 1.3180 Low Dec 2 ‘25
• SUP 4: 1.3125 Low Nov 26 ‘25   

The short-term trend condition in GBPUSD remains bearish and gains are considered corrective - for now. The recent move down resulted in a breach of 1.3331, the Jan 19 low and a key support. This break strengthens a bear theme and signals scope for an extension towards 1.3212, a Fibonacci retracement. On the upside, initial firm resistance is seen at 1.3575, the Feb 26 high, where a breach would signal a possible reversal.

• RES 4: 117.650 High Mar 3     
• RES 3: 117.470 High Mar 4    
• RES 2: 117.264 20-day EMA
• RES 1: 116.920 High Mar 9
• PRICE: 116.760 @ 06:12 GMT Mar 10
• SUP 1: 116.330/115.580 Low Mar 6 / 9  
• SUP 2: 115.508 1.382 proj of the Mar 2 - 3 - 4 price swing  
• SUP 3: 115.340 1.500 proj of the Mar 2 - 3 - 4 price swing   
• SUP 4: 115.000 Round number support 

A volatile bearish condition in Bobl futures remains intact. The sharp recovery from Monday’s low is allowing an oversold trend condition to unwind and for now the move higher appears corrective. A resumption of the downtrend would signal scope for an extension towards 115.508 next, a Fibonacci projection. Initial firm resistance is 117.264, the 20-day EMA. A clear break of this EMA would signal a possible reversal.