For Tuesday, 74.60 can contain buying through next week, possibly through February trade, below which 68.84 long-term support remains a 1 – 2 week objective, able to contain selling through spring.
Downside Tuesday, 71.43 can contain session weakness, while closing today below 71.43 indicates the targeted 68.84 within several days, where the broader market can bottom out through spring.
Upside Tuesday, pushing/opening above 74.60 signals 75.19, able to contain session strength and an upward pivot point into later week, with a settlement above 75.19 signaling 78.91 within 3 - 5 days, where the market can top out into next week. A daily settlement above 78.91 indicates 83.55 longer-term resistance within 1 - 2 weeks.
Downside Tuesday, 71.43 can contain session weakness, while closing today below 71.43 indicates the targeted 68.84 within several days, where the broader market can bottom out through spring.
Upside Tuesday, pushing/opening above 74.60 signals 75.19, able to contain session strength and an upward pivot point into later week, with a settlement above 75.19 signaling 78.91 within 3 - 5 days, where the market can top out into next week. A daily settlement above 78.91 indicates 83.55 longer-term resistance within 1 - 2 weeks.
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.