Watch closely open of July 20th $7,333.1 for support and any weakness like a close below (other option would be the low of 20th July $7,221)

See earlier posting for more on coloured boxes and verticals.

Key for my analysis. I’ve boxed in last 11 days of month from end Dec 2017. I’m only interested in the blue verticals on chart plus in the Histogram I have boxed in a series of 7 verticals (green, purple, green, purple, green, purple, green). We have seen a blue vertical and a green vertical so far in the Histogram both on July 20th. There could therefore be three purple verticals to follow plus another three in green. The first series ended 5th March, and the second 6th             May so I’ve created a box in the Histogram extending to August 6th             .

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.

Note my MACD settings are:-

Fast Length 6
Slow Length 13
Source: Close
Signal Smoothing 31

Default settings Trading View are:

Fast Length 12
Slow Length 26
Source: Close
Signal Smoothing 9

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.