Bearish Scenario
A sustained move under $1869.10 will indicate the presence of sellers. This could lead to a test of the Fibonacci level at $1846.00. If this price fails then look for a test of the main bottom at $1832.40. The main trend will change to down if this level is taken out.
Bullish Scenario
A sustained move over $1869.10 will signal the presence of buyers. This could trigger a rally into $1878.90. Taking out this level could trigger a surge into $1894.10 to $1911.20.
A sustained move under $1869.10 will indicate the presence of sellers. This could lead to a test of the Fibonacci level at $1846.00. If this price fails then look for a test of the main bottom at $1832.40. The main trend will change to down if this level is taken out.
Bullish Scenario
A sustained move over $1869.10 will signal the presence of buyers. This could trigger a rally into $1878.90. Taking out this level could trigger a surge into $1894.10 to $1911.20.