Chart Structure Symmetrical Triangle Previous Demand Zone Indicators RSI (14) Pivot Levels Level Description S1 $3,143 Key support/demand base Pivot $3,246 Inside triangle, base for breakout R1 $3,468 Initial resistance on breakout R2 $3,620 Primary measured target R3 $3,792 Stretch target if breakout is impulsive Market Context Trades Bullish Breakout Entry Failure Reversal Watch Bear/Bull Read More…
Technical overview Support & Resistance Zone/Level Description R1 ($64.89) Near-term resistance; price now testing. R2 ($68.98) Strong resistance; top of the supply zone. S1 ($56.00) Major support from mid-April low. Pivot ($60.09) Previous consolidation base. Highlighted Supply Zone Momentum & RSI The recent move marks a clear bullish structure of higher lows and higher highs. Read More…
Trend Structure Key Support Levels Level Comment 102,720 (Pivot) Immediate short-term support; being tested. 95,095 (S1) Stronger horizontal 85,060 (S2) Lower support level of the channel uptrend. Resistance Levels Level Comment 110,150 (ATH) Psychological and technical ceiling. 113,755 (R1) Short-term price rejection zone. 122,380 (R2) Upside breakout target post-ATH. Market Psychology Trade Setups Scenario A Read More…
RTY Underperformance Weekly Chart of RTY: Structure and Trend Bullish Observations: Caution: Daily Chart of RTY Moving Averages RSI (14) Structure Metric ES (S&P 500 Futures) RTY (Russell 2000 Futures) Trend (Weekly) Strong uptrend Sideways, potential reversal Proximity to ATH ~4% below ATH ~17% below ATH Daily Trend Bullish continuation Range/consolidation RSI Momentum (Daily) Above Read More…
Technical Outlook Price Zones Moving Averages Bull and Bear Scenarios Bull Case Bear Case Trade Setups Range Breakout Buy Setup Range Support Bounce Outlook Summary Timeframe Bias Commentary Short-Term Consolidation Attempting breakout of range; test underway at $63 Medium-Term Neutral → Bullish MACD flip, but still under key MAs – breakout above $65 needed Long-Term Read More…
Technical analysis Zones Bull & Bear Cases Bull Case (higher probability) Bear Case (moderate risk) Trade Ideas Breakout Buy Opportunity (Momentum Continuation) Support Bounce Buy (Mean Reversion) Trades to Avoid Final Outlook Timeframe Outlook Bias Commentary Short-Term Consolidation Neutral-Bullish Price digestion after strong run-up Medium-Term Uptrend intact Bullish Higher lows, reclaim of MAs, poised for Read More…
