- Day trading course l 866-640-3737 l Day trading education
The prior support has become the resistance as the upper trendline of the bullish channel. There was a rally to this resistance level with a touch and test of resistance then a retracement to test support at the lower trendline.
Now testing a resistance level at 1228.75. If there is a breakthrough of resistance 1st target 1230.25 to 2nd target at 1225.50 and then onto upper trendline. If there is a selloff 1st target 1223, next target 1215.50 . If the support gives way, next target is way down at 1202, then 1196.50. The outer target is at 1185.75
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