For Tuesday, 83.28 can contain buying into later week, below which 76.50 midterm support is likely again over that time horizon, where the market can place a weekly low, possibly into later December.
Holding above 76.50 allows 91.16 - 92.56 by the end of December, while closing today below 76.50 indicates 65.94 over the same time horizon, the start of a narrowing range of long-term support down to 65.00 able to contain selling through winter activity.
Upside Tuesday , closing above 83.28 indicates 91.16-92.56 within 2-3 weeks, longer-term resistance able to contain buying through winter.
Holding above 76.50 allows 91.16 - 92.56 by the end of December, while closing today below 76.50 indicates 65.94 over the same time horizon, the start of a narrowing range of long-term support down to 65.00 able to contain selling through winter activity.
Upside Tuesday , closing above 83.28 indicates 91.16-92.56 within 2-3 weeks, longer-term resistance able to contain buying through winter.
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.