Today's Support and Resistance Levels:
R3: 142.90
R2: 142.60
R1: 142.35
Current Spot: 142.28
S1: 142.00
S2: 141.79
S3: 141.27
Technical Summary:
The last part of the wave ii correction reached a high at 142.60 slightly above my second target at 142.50. Expected resistance at 142.35 to protect the upside for a break below support at 142.00 and more importantly a break below support at 141.27 that confirms a new impulsive decline is developing towards 139.96 and lower towards 136.45 longer term. Only an unexpected break above 142.60 will invalidate my bearish count and delay the downside pressure.
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