- Day trading course l 866-640-3737 l Day trading education
The buyers have moved prices up from the low of 1291.50 to touch and test resistance at 1309.50. If they succeed to move prices past resistance, the next target is at 1314.50 and could reach outer target at 1320. If the resistance holds price will move down to test lower support line of the recent bullish channel and possibly go to test next target at 1302. Next level of support would be at bottom of long term bearish channel and could move onto test target at 1282. We'll see what happens with budget negotiations.
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