EQUITY TECHS: E-MINI S&P: (Z5) Bull Cycle Intact
Sep-24 14:06
- RES 4: 6812.29 2.382 proj of the Aug 20 - 28 - Sep 2 price swing
- RES 3: 6800.00 Round number resistance
- RES 2: 6787.63 1.382 proj of the Aug 1 - 15 - 20 price swing
- RES 1: 6756.75 High Sep 22
- PRICE: 6709.50 @ 14:55 BST Sep 24
- SUP 1: 6625.74 20-day EMA
- SUP 2: 6577.25 Low Sep 10
- SUP 3: 6506.07 50-day EMA
- SUP 4: 6417.25 Low Aug 12
A bull cycle in S&P E-Minis remains intact and the contract traded to a fresh cycle high on Monday. Price has recently breached the 6700.00 handle and this signals scope for an extension towards 6787.63, a Fibonacci projection point. Moving average studies remain in a bull-mode position, highlighting a dominant uptrend and positive market sentiment. Initial support to watch lies at 6625.74, the 20-day EMA.
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