Downside threats

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Updated: 04 December 2019

A Tuesday probe lower through 12948/942 supports to reinforce Monday’s plunge through multiple supports including key 13040.5 (for a Double Top type chart pattern for an intermediate-term shift from bullish to neutral), to keep the threat lower Wednesday.

  • We see a downside bias for 12924; break here aims for 12888.5 and 12845.5, maybe key 12786.5.
  • But above 13086 opens risk up to 13100/105 and maybe 13170/177.