Premise for today is to look for potential inside support at 1018.25 and see if price can push through 1026.00 and 1032.75 for an upward correction. There was a significant probe of 1006.00 overnight. If 1018.25 holds, look for a grinding move up to test 1032.75. 1032.75 is a significant resistance area. if it breaks, price could grind up to 1049.75. If it holds, I will look for a retest of 1006.00 over the next couple days. If there is no inside support at 1018.25 look for retest of 1006.00. If 1006.00 is retested I will be looking for and continued move down since this area was probed once already.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.