what I am watching this week

what I am watching this week: 

under lvn 1394 to 1387, 1377 and long term is a retest of balance bottom at 1371.5 area

resistance at 1408, if this is taken 1400 round number should be support for 1417,1427

1417 is a hvn and 1427 is 127% extension of the 1332-1408 with 50 back at balance bottom 1371.5

Image

updated: 1387-89 area is value area low but also high volume node on composite and micro-composite. The mid point of the current balance is marked as 1389.25 – it looks key for bulls to hold.

The 80 area is still a bit thin and not much selling really happened there since the FOMC run up as mentioned previously.

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