We have a W formation inside an H&S. The 55- and 100-day SMAs may provide support in the 75.50 – 75.80 area.
On the topside, resistance might be at the recent peak of 81.75 ahead of the breakpoints near 83.40 ahead of the prior high at 84.89.
On the topside, resistance might be at the recent peak of 81.75 ahead of the breakpoints near 83.40 ahead of the prior high at 84.89.
Comment:
Invalidated. At best it turns to double top and down to 80, worst continues on from the bull flag with res at 90 and 93.