2.16.23 : Will not be trading next two days so will be brief. We are again over 4143-37 but failing to get over 4168-62 Resistance which is Key for continuation higher and staying in this 4215-4140 area. Today our Key levels to watch stay the same from yesterday but we have been building up under Resistance all night now, we do have data coming this morning so we have to see what we do but IF we fail to get continuation over 4168 means we cant get out of T2 or Previous day high and get more buyers to come in and we get under 4143-37 then our key Daily Support comes in question with our T2 low being right at key location around 4100. If we happen to break 4143-37 and get under 4123-19 we have 4103 and 4084-77 as possible targets and if we can hold under T2 low with time still left in the day then we watch for continuation under 4084-77. If we do get over 4168-62 we watch if we can move over towards 4191-85 and 4220-15 and IF the move can sustain it self or fall apart later.
Levels to Watch:
Resistance : Key Daily 4215-4191 Key Intraday 4168-62 // 4191-85
Support: Key Daily 4123-4100 // 4025-4012 Key Intraday 4143-37 // 4123-19 4103-4099 For Continuation 4084-77
*** We could spend the day in another grindy day between 4140-4190 area as well so have to watch out for that, and also if it will be slow most of the day then we watch for a break down or move out later in the day as it could be tricky before it makes a move.
Levels to Watch:
Resistance : Key Daily 4215-4191 Key Intraday 4168-62 // 4191-85
Support: Key Daily 4123-4100 // 4025-4012 Key Intraday 4143-37 // 4123-19 4103-4099 For Continuation 4084-77
*** We could spend the day in another grindy day between 4140-4190 area as well so have to watch out for that, and also if it will be slow most of the day then we watch for a break down or move out later in the day as it could be tricky before it makes a move.