Right now we are facing a huge resistance to break above 600.
In case of a bullish outcome :
1) First level of resistance is 602, closing the daily above it would be a good signal.
2) The next step of resistance is the area between 612 and 622
3) We have top resistance around 650
4) Then for a really bullish trend, breaking 690 would be really important
In case of a bearish outcome :
1) A retest of the 575-580 is obvious
2) The 547-560 is a really big support zone, it can spend a lot of time at this zone if we don't have volume or it can go straight through it if volume show up.
3) 530 would be a nice bounce area
4) 507 can be also a nice bounce area
5) if 500 breaks it will cause a lot of panic, the next support potential is expected around 460
In case of a bullish outcome :
1) First level of resistance is 602, closing the daily above it would be a good signal.
2) The next step of resistance is the area between 612 and 622
3) We have top resistance around 650
4) Then for a really bullish trend, breaking 690 would be really important
In case of a bearish outcome :
1) A retest of the 575-580 is obvious
2) The 547-560 is a really big support zone, it can spend a lot of time at this zone if we don't have volume or it can go straight through it if volume show up.
3) 530 would be a nice bounce area
4) 507 can be also a nice bounce area
5) if 500 breaks it will cause a lot of panic, the next support potential is expected around 460