For Wednesday, 4553.75 can contain session weakness, 4654.50 in reach and able to contain session strength. A daily settlement above 4653.50 signals a test this week of 4685.75 - 4699.00 long-term resistance, able to contain buying into September activity and a significant upside continuation point into later year. Downside Wednesday, closing below...
For Wednesday, the 80.65 - 81.61 long-term resistance area can contain buying through summer activity, below which 76.48 is likely within 1 - 2 weeks, 62.14 attainable over the next 3 - 5 months. On the other hand, closing today above 82.42 signals 84.44 within the week, while a weekly settlement Friday at or above 82.42 (1% above 81.61) would set off a buy...
For Tuesday, 4553.75 can contain session weakness, 4649.00 in reach and able to contain session strength. A daily settlement above 4653.50 signals a test this week of 4685.75 - 4699.00 long-term resistance, able to contain buying into September activity and a significant upside continuation point into later year. Downside Tuesday, closing below 4553.75...
For Tuesday, the 80.65 - 81.61 long-term resistance area can contain buying through summer activity, below which 73.40 is likely by the end of August, 62.14 attainable over the next 3 - 5 months. On the other hand, closing today above 82.42 signals 84.48 within the week, while a weekly settlement Friday at or above 82.42 (1% above 81.61) would set off a buy...
The 4685.75 - 4699.00 region can contain buying through August, once tested 4397.00 attainable within 3 - 5 weeks where the market can bottom out through September. A daily settlement below 4397.00 indicates 4147.50 long-term support over the following 3 - 5 weeks, able to contain selling through the balance of the year. Upside, a daily settlement above...
A two-sided framework continues through summer between 62.14 long-term support, and 81.61 long-term resistance, both regions able to contain seasonal activity. Upside, 81.61 can contain buying into later year, once tested 62.14 attainable over the following 3 - 5 months, where the market can bottom out on a seasonal basis. On the other hand, a weekly...
For Friday, 4576.75 can contain session strength, below which 4488.25 remains 3 - 5 day target able to contain weekly selling pressures, and essentially the start of a wide zone down to 4391.25 able to absorb selling through August activity. Upside Friday, pushing/opening above 4576.75 allows 4638.25 intraday, also able to contain session strength and the level...
For Friday, the 78.04 level can contain selling through the balance of the week, above which 80.65 - 81.73 long-term resistance remains a 3 - 5 day target able to contain buying through summer activity. A weekly settlement today at or above 82.55 (1% above 81.73) would set off a significant buy signal into later year, 103.70 then expected over the next 3 - 5...
Biogen Inc. (BIIB) currently testing channel support, able to absorb weekly selling pressures. From here, (BIIB) can recover and turn higher to channel resistance, eliciting gains of 20-25% over the following 2 - 3 months. A settlement above this week’s high would accelerate this upward momentum. Inversely, closing below this channel support would indicate...
Boeing Company (BA) presently trading above channel resistance, able to absorb weekly selling pressures. If a weekly settlement above this resistance occurs, (BA) will be placed into a buy signal where gains of 20-25% would be anticipated over the following 2 - 3 months. Inversely, if (BA) fails to close above the channel top at the end of this week, this will...
For Thursday, 4632.75 can contain session strength, 4558.75 in reach and able to contain session weakness. Closing today below 4536.75 signals 4482.75 within 3 - 5 days, where the market can bottom out through next week, and the point to settle below for indicating the more meaningful 4386.25 within 3 - 5 more days, able to absorb selling pressures through...
For Thursday, the 77.96 level can contain selling through the balance of the week, above which 80.65 - 81.73 long-term resistance remains a 3 - 5 day target able to contain buying through summer activity. A weekly settlement above 81.73 would set off a significant buy signal into later year, 103.70 then expected over the following 3 - 5 months. Downside...
For Wednesday, 4627.50 can contain session strength, 4556.75 in reach and able to contain session weakness. Closing today below 4536.75 signals 4477.25 within several days, where the market can bottom out through next week, and the point to settle below for indicating the more meaningful 4385.50 within 3 - 5 more days, able to absorb selling pressures through...
For Wednesday, the 77.88 level can contain selling through the balance of the week, above which 80.65 - 81.73 long-term resistance remains a 3 - 5 day target able to contain buying through summer activity. A weekly settlement above 81.73 would set off a significant buy signal into later year, 103.70 then expected over the following 3 - 5 months. Downside...
For Tuesday, 4622.25 can contain session strength, below which 4493.75 is attainable by Friday’s close. Inside this wide range,4592.75 and contain intraday buying, and 4528.00 intraday weakness. Breaking 4528.00 allows 4493.75 intraday, able to contain session weakness. Closing below 4493.75 indicates 4471.50 tomorrow, where the market can place a weekly...
For Tuesday, the 77.79 level can contain selling into later week, above which 80.65 and 81.73 long-term resistance remains in 3 - 5 day target able to contain buying through summer activity. A weekly settlement above 81.73 would set off a significant buy signal into later year, 103.70 then expected over the following 3 - 5 months. Downside Tuesday, closing...
Diamondback Energy Inc. (FANG) presently testing channel resistance, able to contain weekly buying pressures. From here, (FANG) can fall to recent support, eliciting losses of 15% over the following 1 - 2 months. A settlement below this key support would ignite further losses where (FANG) can fall 20 - 30% over the following 2 - 3 months. Inversely, a weekly...
The 4670.50 - 4682.50 region can contain buying through August, once tested 4375.00 attainable within 3 - 5 weeks where the market can bottom out through September trade. A daily settlement below 4375.00 indicates 4155.50 long-term support over the following 3 - 5 weeks, able to contain selling through the balance of the year. Upside, a daily settlement above...