Looks like 240 is incoming, most likely this move comes with a cool Core PCE this Friday and if not then, then most likely on next month job numbers .
Weekly trendline resistance from 2010 has resistance at around 240ish.
That's only another 3% upside
In an extreme move we could see price momentarily push above 240 and tag 245
From 245 I can't see price heading higher going into Seasonality of Sept.. so I'd be looking for a top signal above 240 and a correction from there to 210.00
Here's the price action from April lows..
Simple channel..
I don't think we tag support again until 240 is tested, we could just grind mid channel all the way back to ATH like that Green circle of price I highlighted.. let's see if we get more of a dip towards 230-232 before Friday's core pce , IMO that would be the entry for a final leg up.
Weekly trendline resistance from 2010 has resistance at around 240ish.
That's only another 3% upside
In an extreme move we could see price momentarily push above 240 and tag 245
From 245 I can't see price heading higher going into Seasonality of Sept.. so I'd be looking for a top signal above 240 and a correction from there to 210.00
Here's the price action from April lows..
Simple channel..
I don't think we tag support again until 240 is tested, we could just grind mid channel all the way back to ATH like that Green circle of price I highlighted.. let's see if we get more of a dip towards 230-232 before Friday's core pce , IMO that would be the entry for a final leg up.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.