Today's Support and Resistance Levels:
R3: 142.09
R2: 141.90
R1: 141.55 - Important Resistance
Current Spot:
S1: 141.29
S2: 141.09
S3: 140.71
Technical Summary:
It is "Make it or Break it" time. Important resistance at 141.55 needs to hold for a break below 141.29 and more importantly a break below 141.09 to confirm that blue wave v is developing for a move towards at least 139.43. If however, we are to see a break above 141.55 wave i ended at 140.08 and a wave ii correction towards 142.09 is unfolding before lower again. For now I will just have to wait to see whether resistance at 141.55 will hold for the break below 141.29 or not.
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