Sentiment is leaning toward a “sell any rally attempt” mentality. The , which measures trend momentum is increasing with the red negative directional index line still in control. This highlights a where price is likely to travel this week. The previous low is the target around $5858 and could even slipp lower toward the $5400 mark.
This call for the week would be negated on a break of the 61.8% level to the upside (with momentum indication to back it up). Happy Trading!
Critical Resistance: $6,458.60
Key Resistance: $6,375.00
Key Support: $6,119.00
Critical Support: $5,858.60
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