For Friday, 69.45 can contain session weakness, above which 72.81 remains a 2 - 3 day target able to contain buying into later next week, and the point to settle above for yielding the more meaningful 77.27 within 1 - 2 more weeks.
Downside Friday, closing below 69.45 signals another test of 67.08 within several days, able to contain selling through next week and above which 77.27 is attainable over the next 3 - 5 weeks.
On the other hand, a daily settlement below 67.08 indicates 62.14 longer-term support within 2 - 3 weeks, where the broader market can bottom out through summer activity.
Downside Friday, closing below 69.45 signals another test of 67.08 within several days, able to contain selling through next week and above which 77.27 is attainable over the next 3 - 5 weeks.
On the other hand, a daily settlement below 67.08 indicates 62.14 longer-term support within 2 - 3 weeks, where the broader market can bottom out through summer activity.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.