The ALSI continued to push the highs yesterday, trending up past 71k and the 23.6% fib (71157) of the last major leg down. Bulls remain in charge until a major support fails. Today looks like we might get a pullback to test previous levels. Daily Rsi is now just below overbought whilst the 4hr remains very overbought.
Supports: 70765/70500/70200
Resistance: 70950/71150/71300
Day Pivot: 70890
all levels are based off the futures market.
“Don’t focus on making money, focus on protecting what you have.”