Weekly Chart:
On the daily chart there is a pattern of lower highs for the last several days. The last daily higher low of support is at $285.43 We will be watching for a break of this lower high pattern on the daily chart to shift momentum back to the bulls. If the low of Friday breaks we will see further consolidation and could break the daily higher low pattern.
Daily Chart:
The hourly chart has an equilibrium pattern. We will watch for a break of this pattern for more clarity on price direction. Resistance for a bull break is at $287.95 and $288.69 while the support for a bear break is at $286.92 and $286.71
Hourly Chart:
