Resist: 32.38, 32.50, 33.28
Supprt: 31.44-31.15, 30.95, 29.83*
Comment: The market remains in the negative turnover and last Thursday’s outside bear day suggests a downturn from flagging congestion. Look for follow through selloffs with a penetration below 30.95 signaling for a drop to 29.83*. We may see modest corrective congestion in the lower half of last Thursday’s range, but narrow congestion will bear flag. A close over 33.80* is needed to signal a bull turn.
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