Today's Support and Resistance Levels:
R3: 142.11
R2: 141.90
R1: 141.54
Current Spot:141.28
S1: 141.08
S2: 140.69
S3: 140.43
Technical Summary:
The complex correction from 140.43 is still unfolding. I continue to look for this ongoing wave ii towards the target area between 142.11 - 142.50 before the next impulsive decline can be expected. Short term I expect support at 141.08 will protect the downside for a break above minor resistance at 141.54, which will confirm a continuation higher towards the ideal target area between 142.11 - 142.40. Once this wave ii correction is over look for a decline to at least 136.45.
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