Price has violated the upper band (see previous chart) so a move to the middle band at 2166 is on the table. The lower band remains in play at 2153 and rising. The upper band is at 2180 moving sideways.
Key S/R levels are 2200, 2195, 2194, 2190, 2183, 2178, 2175, 2169, 2164, 2133, 2131, 2126 and 2121. The 2133-2152 range is a strong gauntlet of support containing the 20-week MA, 100-day MA, 50-day MA, 20-day MA and 200 EMA on the 60-minute chart. Bulls are okay above 2152. Bears rule below 2133. An epic bull-bear battle occurs between 2134 and 2151.
The 200 EMA on the 60-minute chart is at 2144. This is one of Keystone's VST (very short term) trading indicators. Market bulls are okay above 2144. Under 2144, all hope is lost for bulls and bears will growl strongly.
The chart favors downside ahead. The CPCE put/call ratio is very low indicating that a market top is in play and may occur anytime this week. It may be destiny for price to return to the 2130's to see what is going on. However, as always, if there is a good news soundbite from the central bankers or others, that will create joy. The central bankers have been and remain the market for the last eight years.
If price ventures up to 2180 again, it will roll over to the downside as long as the neggie d (red lines) does not allow a higher high for any indicator. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.