The light blue Gann fan has shown plenty of significance recently and if a continuation occurs these are the likely points of resistance. The most resistance probally at clusters with the blue Gann fan and the first test of this move will be the $4100 level. The big resistances tests will be the $4200 level and then the $5150 level.
Breakage of the yellow line signifies the first higher high since the local bear trend started; while this would mean an end of this bear trend, this breakage would by no means signify the end of the bear market. (Entertainment Only)