By Randolph Donney — Apr 17 - 03:45 PM
Overbought pressures forced first lower high since 152 breakout
Daily RSIs falling from highest since 2022, still at 77.6
Trailing 10-DMA, tenkan & up TL from March lows now near 153
The 155 level and twin Fibos by 155.20 remain key hurdles
10-wk Bolli and weekly ATR tops are also at 154.80/5.22
They leave little space for further gains until next week
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Source:
Refinitiv IFR Research/Market Commentary