33,111 Support on the Weekly Timeframe
34,092 Resistance on the Weekly Timeframe
With Monday Daily candle close, we have just created a Daily resistance zone at 33,760
32,856 is the nearest Daily Support Zone
After the market pumped up +2% last Friday, we can observe a -.61% down Monday.
The Market has been ranging for 6 months plus. I think we will continue to observe a range after the Daily timeframe popped it's head above 33,675 ( Previously a Daily resistance after Friday's Daily candle closed above it )
Monday's price action has had the Market ease off the highs and are idea here is that this will continue into Tuesday's and Wednesday's Trading.
If the Market sticks it heads back up to 33,762 it may offer a good Risk Reward Bearish Setup
34,092 Resistance on the Weekly Timeframe
With Monday Daily candle close, we have just created a Daily resistance zone at 33,760
32,856 is the nearest Daily Support Zone
After the market pumped up +2% last Friday, we can observe a -.61% down Monday.
The Market has been ranging for 6 months plus. I think we will continue to observe a range after the Daily timeframe popped it's head above 33,675 ( Previously a Daily resistance after Friday's Daily candle closed above it )
Monday's price action has had the Market ease off the highs and are idea here is that this will continue into Tuesday's and Wednesday's Trading.
If the Market sticks it heads back up to 33,762 it may offer a good Risk Reward Bearish Setup
