3294 achieved scaling out is recommended as 3306 is next strong resistance.
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Well you see 3070 hs been reached by the break of 3140. Need to see daily close and will make further analysis. 3010 may be on its way but bulls should protect it.
Dont be relaxed thou as tomorrow we have Bernanke testimony. Hmm...Maybe this all is retracement for the next leg up?? We will see..Ignored
Levels for today
Murrey Math points to 2940 on the downside and 3184 on the upper side right now.
Total risk to the upper side is up to 3428, but 3306 should be a hard nut to crack.
On the lower side we have 2878 as very hard hurdle. Targets to the lower side are 3000, 2940 and 2878
Trading idea for today is:
first up to 3123 or DPP @ 3143; then down towards 2965 to 2940
Price has moved out of its previous downsloping channel to the lower side (accelerating downside move). So a retest of this channel might be in the...Ignored
Excellent Markus. First UP yes we need pullback then lets drive it down later. Would like to see 3180 PB.Ignored