For Wednesday, 4178.50 can contain session strength, below which the 4055.75 - 4061.00 region is likely within the week, able to contain selling through May and above which 4252.25 long-term resistance remains a 2 - 3 week objective. On the other hand, a daily settlement below 4055.75 indicates a good May high, 3976.25 then consider 3 - 5 day target, 3933.50...
For Tuesday, 4178.50 can contain session weakness, above which 4239.75 - 4252.25 remains a 3 - 5 day target able to contain buying through Q3, once tested the market prone to bearish rotation into June / July. On the other hand, a weekly settlement above 4252.25 indicates a good annual low, 4500.00 then expected within 3 - 5 weeks, the 4808.25, January 22 high...
For Tuesday, both 73.98 and 77.54 can firmly contain intraday activity, beyond which the next notable level is attainable intraday. Downside, breaking/opening below 73.98 allows 71.76 intraday, able to contain selling through May, once tested the market poised for recovery to 81.48 within 1 - 2 months. A daily settlement below 71.76 would signal 62.14 over the...
The 4055.75 - 4065.50 area can contain selling through May, above which 4241.50 - 4252.25 long-term resistance remains a 2 - 3 week objective able to contain buying through Q3, and a significant upside pivot point through the balance of the year. A weekly settlement above 4252.25 should mark the resumption of a long-term bull market, then anticipating 4500.00...
The 81.48 level can contain buying through June, below which 71.76 is likely to be tested over that time horizon and able to contain monthly selling pressures when tested, as well as the point to settle below for yielding 62.14 within 3 - 5 more weeks, where the broader market can bottom out through summer. Upside, a weekly settlement above 81.48 signals 95.29...
For Friday, 4135.75 can contain intraday weakness, above which 4182.25 is likely intraday and able to contain session strength. Closing today above 4182.25 indicates the targeted 4243.00 - 4260.25 region by the end of next week, where the market can tap out through Q3 and a significant upside continuation point through the balance of the year. Downside Friday,...
For Friday, 76.20 can contain buying into next week, below which 71.76 targeted midterm support is likely over the next 3 - 5 days, where the market can bottom out through May. A weekly settlement today below 71.76 would, on the other hand, indicate 68.06 by the end of next week, 62.14 within 3 - 5 weeks. Upside Friday, pushing/opening above 76.20 signal 77.60...
For Thursday, 4133.25 can contain session strength, below which the 4066.50 - 4070.00 long-term support area remains in close reach, able to contain selling well into May activity. Breaking/opening below 4066.50 allows 4018.75 intraday, while closing today below 4066.50 indicates a good high through May, 3921.00 then considered a 3 - 5 week downside objective....
For Thursday, 76.20 can contain buying through the balance of the week, below which 71.76 targeted midterm support is likely over the next 3 - 5 days, where the market can bottom out through May. A weekly settlement tomorrow below 71.76 would, on the other hand, indicate 68.06 by the end of next week, 62.14 within 3 - 5 weeks. Upside Thursday, pushing/opening...
For Wednesday, 4130.50 can contain session strength, below which the 4066.50 - 4072.00 long-term support area is likely intraday, able to contain selling well into May activity. A daily settlement below 4066.50 indicates a good high through May, 3918.00 then considered a 3 - 5 week downside objective. Upside Wednesday, closing above 4130.50 indicates a good...
For Wednesday, 80.06 can contain weekly buying pressures, below which 76.20 remains a 3 - 5 day objective able to contain selling through the balance of the week. A daily settlement below 76.20 signals a good weekly high, the longer-term target at 71.76 by the end of next week, where the market can bottom out through May and a meaningful downside continuation...
For Tuesday, 4128.00 can contain session weakness, 4176.75 likely to contain intraday strength, beyond which 4211.00 is attainable intraday and able to contain session strength. A settlement today above 4211.00 indicates the targeted 4248.25-4260.25 within several more days, where the broader market can top out through Q3 and a significant upside continuation...
For Tuesday, 80.11 can contain weekly buying pressures, below which 76.20 remains a 3-5 day target able to contain selling through the balance of the week. A daily settlement below 76.20 signals a good weekly high, the targeted 71.76 then expected by the end of next week, where the market can bottom out through May and a meaningful downside continuation point over...
The Chart of the Week is: "F" Ford Motor Car Company From a technical perspective we have a textbook WEDGE pattern formed. Continuous pressure could lead to a breakdown offering us a SHORT play. While it has NOT triggered yet, I'm offering you this idea for your watchlist. A weekly settlement below 10.62 by 1% or more, would trigger a SELL. A stop should be...
The 4066.50 - 4076.50 area can contain selling through April, above which 4250.00 - 4260.25 long-term resistance remains a 2 - 3 week objective able to contain buying through Q3, and a significant upside pivot point through the balance of the year. A weekly settlement above 4260.25 should mark the resumption of a long-term bull market, anticipating a retest of...
The 82.29 level can contain buying through May, below which 71.76 remains a 3 - 5 week target able to contain monthly selling pressures when tested, and the point to settle below for yielding the more meaningful 62.14 within 3 - 5 more weeks - where the broader market can bottom out through summer. Upside, a weekly settlement above 82.29 signals 95.91 within 2 -...
For Friday, 4204.50 can contain session strength, 4122.50 in reach and able to contain session weakness. Breaking (especially opening) below 4122.50 allows 4077.50 - 4078.75 intraday, longer-term support able to contain selling into May activity and above which 4251.75 - 4268.25 long-term resistance remains a 2 - 3 week objective. Upside Friday,...
For Friday, the 79.55 - 80.22 area can contain buying through next week, below which 76.20 remains a 3 - 5 day target, 71.76 expected over the next 3 - 5 weeks. Downside Friday, 76.20 can contain selling into next week, once tested 79.55 - 80.22 attainable within 3 - 5 days. A daily settlement below 76.21 allow the targeted 71.76 by the end of next week,...