Having been away for the past 2 days, I felt something amiss and so I studied the charts again with a "refreshed" view and recent price movement is beginning to show more and more of what I suspected to be building up, but I really hope that I am wrong.
In the making, possibly is a horizontal price channel (scary), but seen both in the dailies and weeklies - even scarier.
If it's true, then we are doomed to enter into a trading purgatory for the foreseeable future until someone commandeers the market, higher, or lower it doesn't really matter, just get out of loop and head somewhere new.
Interim supports are at 1181, 1174.40 & 1168.60 with minor supports at 1178.80, 1168.70 & 1161.50.
Interim resistances are at 1192.60, 1198 & 1202.30 with minors at 1196.70, 1207.50 & 1211.40.
The daily/weekly trend changer points are at 1209.90/1215.
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