We are in consolidation between resistance level 29520 & support level 29227. A solid break through resistance and we will head towards 29637 and possibly back to a new high however, a break below support level we might find a rejection on the trend line. A break away from the trendline and we will most likely be heading for support levels 28900. Fundamentals are...
12128 acts as a resistance & bounces off the trendline. Break the trendline + resistance, buyers will enter. However, due to Biden winning, stocks will open with a gap down. Break of the orange trendline and sellers will enter.
We are currently in a rising channel. Higher highs & lows with trendlines been respected. A break of any trendline can result in more buyers coming in OR sellers to take place. Biden looks to be winning, according to JP MORGAN & MORGAN STANLEY, if Biden wins we will see stocks fall so keep an eye out for fundamentals.
A break of the trendline & we will be heading upwards back into a bullish trend. There is support levels at 10862, break of that and we are heading for support level 10685 where buyers would enter. Very risky week due to elections, I suggest stay out the market until after the results have been released. New covid-19 stats could push us down.