Pre-Market Thoughts

Bear resistance
Early resistant level: 308.92 (15min)
2nd Resistance: 309.43 (1hr)

Bull resistance
Early support: 307.56
2nd Support: 306

Expect some fighting at these first levels.
Let the morning shake out occur until the first upper and lower levels are found

코멘트:

The fight at 307.57 occurred. Bulls lost it as support. It thus turned into resistance.

코멘트:

Minor support at 306.8 to be important. It was Friday after market resistance.

코멘트:

Bounced back up and through the 308.75ish level.

next resistance should be 309.43 ish and the big round number of 310 will be attractive.

코멘트:

Of note: they were in the descending channel formed last week. They've hopped out and into the ascending channel instead

코멘트:

Hit the round number 309.5 Coming back to retest.

코멘트:

some fighting to stay in the bottom of the ascending channel.

코멘트:

Now its time to test some support/former resistance levels.

309 ish
308.75 ish
308.40 ish

Lets see if theyll touch or break them.

코멘트:

1st hour thought. I looks like bulls wanted to close inside the ascending channel. Could this be the touch of the channel before going to the upside?

End of the day will provide evidence to support the theory. Right now may be a little premature.

코멘트:

Looking back to the 15th, 308.25ish was the hard resistance before a surprise gap up. The bears are currently trying to drive the price below that number and close a weighter candle under it. If the hourly closes below 308.25 about, we can likely expect some more selling.
What about the bulls? 310 is the magic number. Hourly closes 309.57 should pull 310 onto the table.

코멘트:

A thought, since Friday afternoon, not a single 15m candle has closed about the 20sma. Its possible they're following it.

코멘트:

looks even more convincing now that the 20SMA on a 15min chart is the boogey to watch for the day.

코멘트:

Big jump above that 20SMA :/
Bulls didnt want to get stuck in the descending channel.

코멘트:

Closing above 310.78 on hourly will open the door for higher numbers more than likely. Bears have some work to do if they want the chart to enter the descending channel