Risks back to the upside

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Updated: 29 October 2019

A Monday rebound to push above our .6845 resistance level and ease bear pressures from last Thursday’s selloff through .6831 and .6811 supports, to resume upside forces from the earlier October extension up above .6858 resistance, to keep the bias higher for Tuesday.

The mid-October surge just through the key .6809 level saw an intermediate-term shift to bullish.

For Today:                                                        

  • We see an upside bias through .6856; break here aims for .6870 and .6883, maybe even .6895.
  • But below .6818 opens risk down to .6806 and maybe .6776.