Let`s see if 10485 can provide support and hold.
Trade active:
Look for green boxes
Comment:
SL10829
Trade active:
Currently, we have not elected any Daily Bearish Reversals from this new high of Tuesday December 27th. The immediate Daily Bearish Reversal to watch lies at 1142876. A closing beneath this level will signal a temporary high is in place. Additionally, 1145155 offers some technical overhead resistance for now. Moreover, our Daily Bullish Reversal to watch stands at 1156110 and it will require a daily closing above this level to signal new highs lie ahead.
Comment:
Consequently, this market has bounced from that low established yesterday, Thursday July 6th. We have not elected any Daily Bullish Reversals so we need to focus on 1249073 as closing resistance. A closing above this will show some strength. Ultimately, a Daily Closing above 1292118 will signal a retest of the last high at 1295154 and potentially a breakout to new recent highs.