Today's Support and Resistance Levels:
R3: 142.52
R2: 142.17
R1: 141.82
Current Spot: 141.68
S1: 141.45
S2: 141.23
S3: 140.98
Technical Summary:
The failure to break clearly below support at 141.23 has kept the correction from 140.08 alive. As long as support at 141.23 protects the downside we could see a move closer to strong resistance near 142.17, but from here or upon a break below 141.23 a new impulsive decline towards 136.33 should be seen.
Longer term I'm still looking for a much deeper correction of the rally from 94.10 to 145.69, with the ideal target being near 126.00
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