There’s a big zone of resistance that hold resistance in April, June, and September and also failed to venture above 170 in October.
Going down to the daily shows that the resistance zone being in play over the past month, helping to moderate a range with resistance holding around the 169.09 level. And just above that is the 170.00 psychological level.
This sets the stage for a breakout that may open the door for fades. If bulls can poke above the 169.09 level, the 170 resistance becomes a factor.
Going down to the daily shows that the resistance zone being in play over the past month, helping to moderate a range with resistance holding around the 169.09 level. And just above that is the 170.00 psychological level.
This sets the stage for a breakout that may open the door for fades. If bulls can poke above the 169.09 level, the 170 resistance becomes a factor.