Elevance Health Inc. (ELV) approaching significant overhead resistance, able to absorb monthly buying pressures.
From here, (ELV) can reject and fall lower to channel support, eliciting losses of 15% - 20% over the following 2 - 3 months.
Inversely, a weekly settlement above resistance would place (ELV) into a buy-signal where gains of 15% - 20% would be expected over the following 2 - 5 months.