A far more significant rebound, driven higher by European Equity Indices to overcome 2027.5, the topping line from late December and notably the spike high at 2051.75.
This has negate the bearish, topping theme for a more neutral range shift, but with skewed bias for a bullish switch through 2062.0.
Range Parameters: We see the range defined by 2062.0 and 1997.5.
Range Breakout Challenge
- Upside: Above 2062.0 aims higher for 2067.25 and ultimately back to the record high at 2088.75.
- Downside: Below 1997.5 sees risk lower for 1970.25 and 1961.5.
- We see an upside bias for 2062.0; break here aims for 2067.25, maybe even 2082.75.
- But below 2047.0 opens risk down to 2019.25.
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