It has now hit the tightest resistance area, which is 23.6% back to the 3/28/22 high at 25,000 and the 24,815 major Gann square. Use 25,000 as the swing point to start the week. A break from here can send it back to test the low, however you would have to watch 38.2% of the rally at 22,250, holding this should send it right back to the highs and on to 23.6% back to the ATH at 29,650. This will also be what we will be looking for above 25,000.
It is now well above 23.6% back to the ATH at 1850.00, use this as the swing point to start the week. Above it the target is the long term swing point that is 38.2% back to the ATH, this is 2400.00. There are two major Gann squares to watch for resistance before then at 2093.00 and 2283.00. Back below 1850.00 look for 38.2% of the rally at 1585.00, failing to hold this should send it down to 78.6% at 1140.00.
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