For Wednesday, 78.39 can contain selling through the balance of the week, above which 84.24 is attainable by the end of next week.
Upside Wednesday, 80.26 can contain intraday strength, beyond which 81.77 is likely intraday and able to contain session strength.
Closing today above 81.77 signals 84.24 within several days, able to contain buying through next week and the start of a narrowing zone of long-term resistance up to 86.80 that can absorb buying into spring trade.
Downside Wednesday, breaking/opening below 78.39 allows 76.61, while closing today below 78.39 should yield 74.19 by the end of next week, able to contain weekly selling pressures and the point to settle below for indicating 68.42 long-term support within several more weeks.
Upside Wednesday, 80.26 can contain intraday strength, beyond which 81.77 is likely intraday and able to contain session strength.
Closing today above 81.77 signals 84.24 within several days, able to contain buying through next week and the start of a narrowing zone of long-term resistance up to 86.80 that can absorb buying into spring trade.
Downside Wednesday, breaking/opening below 78.39 allows 76.61, while closing today below 78.39 should yield 74.19 by the end of next week, able to contain weekly selling pressures and the point to settle below for indicating 68.42 long-term support within several more 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.