EQUITY TECHS: E-MINI S&P: (Z5) Fresh Cycle High
Oct-02 13:46
- 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: 6782.25 Intraday high
- PRICE: 6779.00 @ 14:36 BST Oct 2
- SUP 1: 6666.25 20-day EMA
- SUP 2: 6611.00 Low Sep 17
- SUP 3: 6550.28 50-day EMA
- SUP 4: 6506.50 Low Sep 5
A bull cycle in S&P E-Minis remains intact. The contract has again traded to a fresh cycle high to confirm a resumption of the uptrend and maintain the positive price sequence of higher highs and higher lows. Sights are on 6787.63, a Fibonacci projection. Initial support to watch is at the 20-day EMA, at 6666.25. It has recently been pierced, a clear break of it would signal scope for a deeper pullback, potentially towards the 50-day EMA, at 6550.28.
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EGB OPTIONS: Schatz Put Ladder
Sep-02 13:46
DUV5 107.20/107.10/106.90p ladder, sold at 3 in 4k.
MNI: US AUG MANUF PMI 53.0 (53.3 FLASH, 49.8 JUL)
Sep-02 13:45
- MNI: US AUG MANUF PMI 53.0 (53.3 FLASH, 49.8 JUL)
EQUITIES: Program seller on the Open
Sep-02 13:38
- Program seller on the Open, 1538 names, this was the most for this Month, since 30th July.
- A big gap for SPX, the Index is right back at pre Powell Dovish speech.
- That's a 2.13% drop from Thursday high, and next immediate support is at 6343.86.
