This is the weekly chart so it is slightly different to what we covered yesterday but the impulse long term projection has not changed.
We can see the importance of the price level at $231 right now, the 200 MA on the weekly chart and the wedge break out level meet at this exact point
We can also see that the 50 MA on the weekly chart managed to hold for support last week too.
A hold above $231 and this is a strong response from the bulls, still a bit of work to do.
Matt
2024-07-29 14:32:45 +0000 UTC