Current Trend (W): Up
Abv/Below Value Zone: Above
Next Scheduled Report Date: N/A
52 Week High: $213.78
52 Week Low: $181.92
Current Relevant Resistance: $213.78
Current Relevant Support: $204.12
Recent Close: $209.77
Comment: A lot of talk about breaking the week ended 29 May 2015 low at $210.20 last week.
“Is this the beginning of the end of the great bull run?”
“Should I get short here?”
I’ve said it before… I’m saying it again… relax. The uptrend doesn’t begin to be at risk until price can get down through support in the $204.00 area. Before that? Long setups on lower timeframes are to be taken.
Hope it helps.
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