For Thursday, 78.51 can contain selling through the balance of the week, above which 83.08 is attainable over the next 2 - 3 days, where the market can top out through next week - once tested 72.54 attainable within several weeks.
Upside Thursday, a daily settlement above 83.08 signals 87.57 within a full week of activity, where the market encounters longer-term resistance able to contain buying into spring activity.
Downside Thursday, closing below 78.51 shifts momentum negative into next week, 72.54 then likely within 1 - 2 weeks, where the market can bottom out on a weekly basis and if settled below would indicate 67.56 long-term support within another full week of activity.
Upside Thursday, a daily settlement above 83.08 signals 87.57 within a full week of activity, where the market encounters longer-term resistance able to contain buying into spring activity.
Downside Thursday, closing below 78.51 shifts momentum negative into next week, 72.54 then likely within 1 - 2 weeks, where the market can bottom out on a weekly basis and if settled below would indicate 67.56 long-term support within another full week of activity.
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.