trading date: April 12, 2017 –
The market has been compressing and a wedge pattern has formed. If you draw a line across the recent highs and another across the recent lows you can see it. This technical pattern will be resolved one way or the other in coming weeks.
Resistance will lie at yesterday’s high at $235.18, followed by $236.26.
Support will lie at yesterday’s low at $233.34, followed by $233.05 and then $232.16.
Y daily chart on 1Option Platform