Today's Support and Resistance Levels:
R3: 141.87
R2: 141.58
R1: 141.48
Current Spot: 141.40
S1: 141.08
S2: 140.74
S3: 140.45
Technical Summary:
The X wave from 136.23 became more complex than first expected, but it most likely ended with the test of 143.79 and a second zig-zag correction lower is likely developing. Short term we will likely see a decline in red wave v towards the 139.79 - 140.20 area to end the first small impulsive decline from 143.79. This first impulsive decline should be followed by a minor correction higher towards 142.00 and maybe even a little higher towards 142.40 before the next impulsive decline lower towards at least 136.46.
