21:46 UTC
Downtrend, momentum stalling after breakdown · RSI 39 · price 77,468.69
Lower highs from 84797; 79450-81900 range broke lower, now a tight base above 77035.
Lower highs have built since the 84797 swing high. Thursday's US GDP/PCE batch, a strong growth beat with sticky core and little dovish fuel, produced a spike to the 81893 lower high that reversed straight through the 79450 range floor, printing a 76227 swing low. Price is now compressing in a 77035-77700 band below both EMAs, with EMA20 under EMA50; ATR is contracting fast from the breakdown expansion in thin weekend trade.
Support: 77,035.00, 76,227.00
Resistance: 78,250.00, 79,450.00, 81,893.00
What it said to watch
- H4 close above the 78250 fib 23.6 lifts price out of the post-break base; a return above the 79450 range floor would undercut the range-break read
- Loss of the 77035 range low exposes the 76227 swing low; a close below it extends the lower-low sequence
- Lower-highs trendline from 84797 runs near the 81893 lower high; it stays intact while price holds below that line
- ISM Manufacturing PMI and Prices Paid (Mon 15:00 UTC), then Tuesday's US midterms, could break the current ATR compression