SpecialeAnalysis

S&P 500 Futures Market 4/25/23

CME_MINI:ES1!   Hadapan S&P 500 E-mini
For Tuesday, 4128.00 can contain session weakness, 4176.75 likely to contain intraday strength, beyond which 4211.00 is attainable intraday and able to contain session strength. A settlement today above 4211.00 indicates the targeted 4248.25-4260.25 within several more days, where the broader market can top out through Q3 and a significant upside continuation point through the balance of the year. Downside Tuesday, breaking/opening below 4128.00 allows 4066.50-4074.50 intraday, meaningful support able to contain selling into May activity and above which 4248.25-4260.25 long-term resistance remains a 2-3 week objective.

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