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My internal indicators are currently bullish as of Friday last week. We retested the November low and got our tradable rally. We remain in a news-driven, government manipulated market. This could change quickly. On the downside, if we establish trade below the pivot, we should target S1 rather quickly. If the pivot holds as support, then I am still looking for R2 as our upside target.
![]("http://www.ibtimes.com/data/thumbnails/10378.jpg")
Weekly Pivot/Support/Resistance Numbers:
883.00 = Resistance2
867.80 = Resistance1
839.30 = Pivot
824.00 = Support1
795.50 = Support2
The hypothetical profits and losses mentioned in this report do not take into account commissions and fees paid for each trade
I can't stress how important it is to get a more detailed analysis of the daily support/resistance numbers each trading day via email. Please sign-up by using the link labeled 'e-mail updates' below.
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