On the way to 1427?
1417.5 is resistance of Yesterday High has to be convincingly taken by 4 or 5 handles so that it can become support … maybe on the back of FOMC comments later today …
For today’s open – a pullback to 1402/1403 may happen, based on recent days pulling back at the open. Alternatively if this thing wants to go up then 1407.5-1410 may hold. It is 10 handles from 1417.5 and that may mean that is as low as it wants to go (also 1409.5 was noted as S/R yesterday as price respected it, 1410.25 was yesterday PP) – (updated) 1410 is also todays PP.
I find mrtopstep’s daily email is useful to understand what is happening on a daily basis – seems the ramp up after the European close trade is popular at the moment (I have seen other traders and a certain conspiracy site mention it) – it may be becoming a self-fulfilling prophecy.