And in my opinion will form resistance.
support 4794
SPI Weekly and Daily range.
Early resistance at the Weekly 50% level @ 4844, but a failure to continue back down into the support level @ 4794
As noted in the morning report, these resistance levels @ 4844-49 are valid for 1 day only, as the resistance will shift higher from tomorrow and may follow the new dynamic range for the following month.(March)
This doesn’t necessarily mean that tomorrow will rise higher, but if Tuesday is above 4844, it has more reason to continue back towards the quarterly level @ 4883...
And a new Monthly range in March @ 4958
Trailing support levels are shown @ 4773-7
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