How I see it in the shorter term:
Potential "LONG" -
Requires a break and hold above resistance @ 3026.00
TP 1 = 3047
Potential "SHORT" -
Requires a break and hold below support @ 2999.50
TP 1 = 2978.55
TP 2 = 2956.29
Keynote:
The 1W candle closed with a big fat green body.
At some point price will attempt to chase the wick for sure.
Monitor reaction of price at key levels carefully.
Thank you for taking the time to study my analysis
Potential "LONG" -
Requires a break and hold above resistance @ 3026.00
TP 1 = 3047
Potential "SHORT" -
Requires a break and hold below support @ 2999.50
TP 1 = 2978.55
TP 2 = 2956.29
Keynote:
The 1W candle closed with a big fat green body.
At some point price will attempt to chase the wick for sure.
Monitor reaction of price at key levels carefully.
Thank you for taking the time to study my analysis
Note
In case of upwards momentum: Friday's NYSE SELL threshold will be a formidable resistance
Key Area of resistance: 3035 - 3038.20
I missed it, sorry
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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.