Jul. 3 at 7:33 AM
$DE $XLI $CAT $SPY $SPX Deere / (DE) Daily Chart: Since the recent price breakout in mid May 2025 above former Feb '25 resistance levels, prices have retraced and re-tested both the prior resistance areas of Feb ’25 (
$515 –
$508) and the 23.6% Fib level (
$503) of the Apr – May 25 upward move, with price closing on 7/2/25 back above prior Feb ’25 resistance with increasing momentum/relative strength underneath and the RSI indicator coming back above the ½ way 50 level without having dipped too much further below on these previous price retracements. For the bulls, important for price to continue to hold/move above these prior Feb ’25 resistance levels moving forward: