E-MINI S&P TECHS: E-MINI S&P: (Z6) Reversal Signal

* RES 4: 7955.94 1.618 proj of the Jun 11 - 15 - Jul 29 price swing * RES 3: 7914.38 1.500 proj of the Jun 11 - 15 - Jul 29 price swing * RES 2: 7904.00 High Aug 13 and key M/T resistance * RES 1: 7847.25 High Sep 21 * PRICE: 7838.550 @ 07:26 BST Sep 23 * SUP 1: 7704.66/7575.00 50-day EMA / Low Sep 16 and bear trigger * SUP 2: 7508.25 76.4% retracement of the Jul 29 - Aug 13 bull leg * SUP 3: 7386.00 Low Jul 29 * SUP 4: 7360.00 Low Jun 11 A strong rally in S&P E-Minis on Monday marked a bullish start to this week's session and has strengthened the likelihood of a recent reversal and the end of a corrective cycle. Note too, that a bullish engulfing candle on Sep 17, also highlights a reversal signal. A continuation higher would open 7904.00, the Aug 13 high and key medium-term bull trigger. Key support is at 7575.00, the Sep 16 low. First support lies at 7704.66, the 50-day EMA.