We are about to hit long term overhead resistance at 195 to 196. We'll likely need to back off soon before moving to 200.
Note
Resistance turns to support. It just needs to hold above 195.Note
Support turns to resistance. Looks like it couldn't stay above 196, which is bearish. More downward pressure to come.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.