Earnings season starts today, so watch for market moving announcements.
Monthly – Trade pressures are up and volume is bullish.
the next target up is 2191.
Weekly – Trade pressures are up but volume is neutral.
Currently retracing after touching the 2088 target. the next target up is 2112.
Daily – traded down to the 80 day moving average last week. Then began a retracement up which took price thru the long entry of 2014. the target of 2062 was touched and today Monday a new short entry of 2037 has been triggered with a target of 1997 (which is again the 80 day moving average).
Trade pressures are slightly up but volume is bearish.
a close above today’s high of 2048 could restart the move up.