Today's Support and Resistance Levels:
R3: 142.24
R2: 141.99
R1: 141.74
Current Spot: 141.52
S1: 141.29
S2: 141.06
S3: 140.73
Technical Summary:
The consolidation in red wave iv has become more complex and a small triangle could be building, but once this consolidation is over a new decline into the target area between 139.79 - 140.20 is still expected. Once this target area is tested look for a correction towards 142.00 and maybe slightly higher towards 142.40 before the next impulsive decline lower should be expected. Longer term the correction from 145.69 should make it down to at least the 38.2% correction of the rally from 94.10 to 145.69 at 126.00.
