short looking for 12880-14400
Trade active:
Currently, we have not elected any Daily Bearish Reversals from this new high. The immediate Daily Bearish Reversal to watch lies at 1918473 but focus more on 1914117. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 1962319 would also imply a technical based pause in the uptrend for now. Technical projected resistance for tomorrow stands at 1984468. Only exceeding that level would imply a runaway breakout to the upside.
Comment:
We have elected one Daily Bearish Reversal from the high of Friday January 6th. We need to focus on support at 1977592. This is the level to watch on a closing basis. If that is breached, then that high should stand for now and a retest of support becomes likely.