The_Observer

The_Observer Updated 

Strong resistance around 118. Look for shorts.

The_Observer

Seems like price is building momentum to break upwards tomorrow.

The_Observer Updated 

Important floor have built now at yellow line below. Expecting further upside to complete corrective wave C which can go as high as 62 (origin of earlier impulsive intermediate wave 4).

The_Observer

Key resistance levels broken. More upside seems likely.

The_Observer

We seem to be in an ABC corrective pattern now. Wave B seems completed, and price is moving further down wave C which should end at 1250-1200.

The_Observer Updated 

Risky week ahead. There is considerable resistance from 2080-1950. If Hillary wins, there should be a great buy opportunity in this market the next few days. First up is the 200 SMA just below last Friday's price. Next is two strong fib levels at 2062 and 2042. If 1950 and the long term trend (purple line) breaks next week and closes below on the weekly chart, I...

The_Observer

Possible breakout upcoming next week, with wedge forming on the daily chart from different fractal trendlines.