It may attempt a test higher to 660.8600 - 665.8567 after which weakness may set it to a drift down to 647.4567 limit.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 651.3167

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point659.83
  • Entry Point660.95
  • Trendline 1664.17
  • Trendline 2660.39
  • Elliott676.40
  • Closing657.45
  • Ex-Low645.87
  • Ex-High664.27
  • Projection647.03

Supports and Resistance levels

  • Support 1647.46
  • Support 2637.46
  • Resistance 1665.86
  • Resistance 2674.26
  • Pivot655.86

One more dip to 649.8099 is likely followed by a grind higher to 673.1099. After which it can resume its downtrend.

Technical Forecast

  • Elliott Wave

    elongated flat correction down 646.9500

Key Points

  • Key Point657.17
  • Entry Point665.42
  • Trendline 1673.30
  • Trendline 2669.65
  • Elliott676.95
  • Closing657.45
  • Ex-Low642.17
  • Ex-High673.30
  • Projection644.59

Supports and Resistance levels

  • Support 1641.98
  • Support 2626.51
  • Resistance 1673.11
  • Resistance 2688.77
  • Pivot657.64

It is a triangle configuration. Market should break either side. Acceleration should occur above 687.6700 or under 645.3500 limits.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point661.99
  • Entry Point654.07
  • Trendline 1645.35
  • Trendline 2650.30
  • Elliott640.40
  • Closing664.25
  • Ex-Low645.35
  • Ex-High687.67
  • Projection694.45

Supports and Resistance levels

  • Support 1643.84
  • Support 2623.44
  • Resistance 1686.16
  • Resistance 2708.08
  • Pivot665.76