Price has repeatedly bounced off support at 24 972 and has continued up in an orderly fashion. Price may drop from here but there is a long term sloping trend line just above. Given how close it is, I'm watching to see if price pops through the current channel, or moves up within it, to test this trend line at around the 25 430 level.
The SPX500 is slowly moving up and I expect it to test resistance at 2744. We may see a drop from those levels if both US30 and SPX500 test them. However, if these levels are breached then I would be watching for a test of 25 800 on the US30 and 2480 on the SPX500.
The SPX500 is slowly moving up and I expect it to test resistance at 2744. We may see a drop from those levels if both US30 and SPX500 test them. However, if these levels are breached then I would be watching for a test of 25 800 on the US30 and 2480 on the SPX500.
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