- Day trading course l 866-640-3737 l Day trading education
Market was in consolidation until around 2:30 PM, when price tested and broke through support of the bottom trendline at 1215.25 where it plunged to its present range between support at 1203 and resistance at 1208. If support is strong buyers will come in to drive price up to test resistance at 1215. Next target up would be the top of the channel then onto 1223, then 1227 and top at 1229.75.
If support gives way sellers will take over to try to test targets at 1203, 1196.25 and then way down to 1187.25.
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