For Thursday, 84.47 can contain session weakness, 89.87 in reach and able to contain buying through next week, once tested the market susceptible to falling back to 77.94 within 2-3 weeks. On the other hand, closing today above 89.87 indicates the more meaningful 97.29 - 98.96 area within 1-2 more weeks. Downside Thursday, closing below 82.07 signals 82.07 tomorrow, also able to contain session weakness and the level to settle below for indicating 77.94 longer-term support within 2-3 days, where the market can bottom out through November, and above which the 97.29 - 98.96 region is attainable over that time horizon.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.