Now that we have sufficiently broken the down channel on the chart and are making higher highs we are looking for a break of the resistance at 1910 and then a break of the fib (1) at 1920 which represents the next most recent high set Aug 2011.
We are carefully watching inflation signs around this is also on the table as we have seen over the past 3-4 days a considerable increase in price action, per market US and also a push to these two important numbers.
We are carefully watching inflation signs around this is also on the table as we have seen over the past 3-4 days a considerable increase in price action, per market US and also a push to these two important numbers.
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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.