This Week (July 8 - 11):
Support: The immediate floor is at $965. Below that, the low from the initial sell-off around $955 is critical.
Resistance: The 20-day moving average (that green line) at ~$992 is the first ceiling. If it gets frisky, look for sellers to appear at $1,030.
Next Month (July):
Support: If $955 breaks, this whole structure fails. The next major stop would be the April lows around $872. That's the edge of the cliff.
Resistance: The all-time high of $1,067 is the ultimate party zone that the bouncers (sellers) are not letting anyone back into right now.
Support: The immediate floor is at $965. Below that, the low from the initial sell-off around $955 is critical.
Resistance: The 20-day moving average (that green line) at ~$992 is the first ceiling. If it gets frisky, look for sellers to appear at $1,030.
Next Month (July):
Support: If $955 breaks, this whole structure fails. The next major stop would be the April lows around $872. That's the edge of the cliff.
Resistance: The all-time high of $1,067 is the ultimate party zone that the bouncers (sellers) are not letting anyone back into right now.
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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.
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.