Current ATR showing at 5.62 increasing ever so slightly from last week and so far increase for this week. Even tho there is downside action creating most of the increase, its still an increase alal together.
Last months High was 487.2 Needing to seriously defend this level this could be a possible bounce area, if not we find the high 486 level for a bounce.
Preferable to keep within this quarter I would like to see a bounce at 488.30 to push up thru -to 490.70 (Last weeks low)
If we open above 489.08 we could find some resistence at 492, 493 range (this weeks low) if the want to take it higher, they may form a channel between 493.80 to 496.38/57/72 for yesterdays close, after hours high and premarket high.
Whatever the possibilities are, I am looking for price action and volume.
Last months High was 487.2 Needing to seriously defend this level this could be a possible bounce area, if not we find the high 486 level for a bounce.
Preferable to keep within this quarter I would like to see a bounce at 488.30 to push up thru -to 490.70 (Last weeks low)
If we open above 489.08 we could find some resistence at 492, 493 range (this weeks low) if the want to take it higher, they may form a channel between 493.80 to 496.38/57/72 for yesterdays close, after hours high and premarket high.
Whatever the possibilities are, I am looking for price action and volume.
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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.