Support levels are far below current price, but they anchor downside risk if a true bear phase begins
- Clear $585 with an upside target $600–$625 (aligns with R2)
- Hold between $568–$585, market consolidates until macro data (jobs, CPI, Fed)
- Weekly close back below R1 ($568) opens a slide to $540 & maybe toward $482 if selling accelerates
I am not a licensed professional & these posts are for informational purposes only, not financial advice
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.
I am not a licensed professional & these posts are for informational purposes only, not financial advice
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.