For Friday, it is possible that there may be some brief carry over of the rally into the morning hours, but a reversal is expected to occur soon after or right from the open. Resistance above is near 1352 is not expected to be surpassed before a reversal is made. Support below is near 1300. A retest of the highs is possible later in the day after a morning reversal.
A major top appears to be complete with the highs for the year likely set.
Potential range for 2003: High 1520, low 800. Targets will be revised as conditions evolve.
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