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Learning from last Week: (click here for the previous post)
Index again fluctuates about the 2.62 Fibonacci resistance - making a High Wave candle.
Wrap:
The Index again faces resistance at the 2.62 extension of the last minor High-Low.
Looking forward into this Week:
Bears hope to Hold the index below the current resistance.
Bulls seek Higher Highs and Support at current levels.
Index Support and Resistance possibilities are marked as above.
Wrap:
Bulls seeking another major Break out - run into a spot of resistance.
Bears need to take advantage of this lull, failing which Index looks to continue trend.
