My internal indicators are currently bullish to neutral as of Friday last week but I expect that to change quickly. 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.
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.
Weekly Pivot/Support/Resistance Numbers:
897.30 = Resistance2
882.00 = Resistance1
856.80 = Pivot
841.50 = Support1
816.30 = Support2
The hypothetical profits and losses mentioned in this report do not take into account commissions and fees paid for each trade