Dow

Currently retesting previous high support at 17841.

Confirmed loss could target further downside support at 17800 followed by 17747 and 17645.

Upside is capped by resistance at 17878.Confirmed breakout higher could target further upside resistance at 17951 followed by 18082 and 18214.

Dow


S&P

Current resistance and point of control is at 2076.32.

Breakout higher could target further upside resistance at 2083.71 followed by 2097 and 2110.40.

Downside is initially supported at 2069 followed by 2065 and 2063.

Only a confirmed loss of 2063 could potentially target further downside support at 2042.25.

S&P

Any discussions held, views and opinions expressed and materials provided during TraderCast sessions are the views, opinions and materials of Phillip Konchar alone. All information and materials provided are not independent investment research and are provided for general information purposes only and does not take into account your personal circumstances or objectives. These sessions or any materials provided are not and shall not be construed as financial promotion, nor are they (or should be construed to be) financial, investment or other advice upon which reliance should be placed. Phillip Konchar’s trading strategies do not guarantee any return and Phillip Konchar shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein. Spread trading is a leveraged product and carries a high level of risk to your capital as prices may move rapidly against you. It is possible to lose more than your initial investment and you may be required to make further payments. It may not be suitable for all customers therefore ensure you understand the risks and seek independent advice.

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