For Tuesday, 78.40 can contain buying through the balance of the week, below which 74.08 is likely by the end of next week, where the market can bottom out into March expiration, and from there trade higher into that timeframe.
Downside Tuesday, a daily settlement below 74.08 indicates 68.42 within several more weeks, long-term weekly chart support able to contain broader market selling through spring trade.
Upside Tuesday, pushing/opening above 78.40 allows 80.26 intraday, while closing today above 78.40 indicates a good low for the week, 82.25 then attainable within several days, 84.16 perhaps by the end of next week, able to contain weekly buying pressures when tested.
Downside Tuesday, a daily settlement below 74.08 indicates 68.42 within several more weeks, long-term weekly chart support able to contain broader market selling through spring trade.
Upside Tuesday, pushing/opening above 78.40 allows 80.26 intraday, while closing today above 78.40 indicates a good low for the week, 82.25 then attainable within several days, 84.16 perhaps by the end of next week, able to contain weekly buying pressures when tested.
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.