Premise for today is to look for test of 1079.75 resistance and see if price will continue the grind up or make a downside correction. I will look for an early AM test and wash of 1063.25 then move up to test 1079.75. Trend up off the 1000.00 area is strong but price is stretched and due for a correction. If 1079.75 is tested and holds, look for potential range 1079.75 - 1063.25. If 1063.25 does not hold, I will look for a correction down to 1055.50 and 1045.50.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.