For Wednesday, 81.89 can contain session weakness, 85.07 in reach and able to contain session strength. Pushing/opening above 85.07 allows 88.47 intraday, while closing today above 85.07 indicates 90.00 within 2-3 days, where the market can top out through next week, and the level to settle above for yielding the more meaningful 97.57 - 98.96 area within 1-2 more weeks. Downside Wednesday, closing below 81.89 signals 77.94 longer-term support within 2-3 days, able to contain selling through November, and above which the 97.57-98.96 region is attainable over that time horizon.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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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.