For Friday, 4467.50 can contain session strength, below which the market remains the defensive into next week, possibly yielding 4257.50 over the next 2 - 3 weeks.
Downside Friday, 4416.00 can contain intraday weakness, while breaking/opening below 4416.00 allows 4357.75 intraday, where the market can place a daily low.
A settlement today below 4357.75 signals 4299.50 on Monday, 4257.50 by the end of next week, likely contain weekly selling pressures when tested, possibly into later July.
Upside Friday, pushing/opening above 4467.50 allows 4509.00 intraday, able to contain buying through next week and below which 4257.50 is attainable over the next several weeks.
Inversely, a daily settlement above 4509.00 will keep the longer-term objective at 4616.50 in reach over the next several weeks.
Downside Friday, 4416.00 can contain intraday weakness, while breaking/opening below 4416.00 allows 4357.75 intraday, where the market can place a daily low.
A settlement today below 4357.75 signals 4299.50 on Monday, 4257.50 by the end of next week, likely contain weekly selling pressures when tested, possibly into later July.
Upside Friday, pushing/opening above 4467.50 allows 4509.00 intraday, able to contain buying through next week and below which 4257.50 is attainable over the next several weeks.
Inversely, a daily settlement above 4509.00 will keep the longer-term objective at 4616.50 in reach over the next several 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.