downward trend for week of sept 19
Updated
trend analysis - using fib tool from june 16 to aug 16 uptrend - it may test fib line .382 tomorrow but based on fed release i believe price action will break .5 fib line and test .618 fib line.
technical analysis - YTD CHART - negative tsi -16 , negative macd -2, STOCH RSI LEVEL is 42, these levels can be comparative to march 11 which coincides with testing .382 fib line and breaking down towards .5 fib line.
i forecast resistance tomorrow at 157-160 with possible support at 151-153, if 151 is broken we may hit 146 - 148 ,
technical analysis - YTD CHART - negative tsi -16 , negative macd -2, STOCH RSI LEVEL is 42, these levels can be comparative to march 11 which coincides with testing .382 fib line and breaking down towards .5 fib line.
i forecast resistance tomorrow at 157-160 with possible support at 151-153, if 151 is broken we may hit 146 - 148 ,
Note
possible support tomorrow at 153, if breaks will continue to 146-148 as posted.
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