SHORT-TERM (today and 5 days out)
As of this writing it’s difficult to ascertain as to which side of the significant 2026.25-32.50 region the market opens.An open below maintains a heavy collapse dynamic for the day, 1992.75 in reach and able to contain session weakness. Breaking 1992.75 allows 1953.50 by the closing bell.
Overall, asettlement today below 2026.25 indicates the 1898.50-1906.75 region over the next several weeks (days?) where the
market can bottom out through July, as well as representing a meaningful downside continuation point over the same time
horizon. Upside today, pushing/opening above 2032.50indicates 2045.00, likely to contain initial strength, beyond which 2059.25 becomes an intraday target able to contain
session strength. Overall, a settlement today above 2032.50 actually maintains a stable the bullish dynamic into early July, 2125.25 then considered a 1-2 week target likely to contain weekly buying pressures when tested and a meaningful upside
continuation point into later Q3.
UPDATED LEVELS
2089.25 * session containment
2086.00 * minor
2083.00 * minor
2079.50 * minor
2076.00 * minor
2073.50 * intra-day containment
2069.50 * minor
2062.50 * minor
2059.25 * session containment
