My technical site I frequent has a target of 1724 as a possible rally point. Not so sure I should bet against that. I might also be forcing the conclusion to this move a bit early. Seasonality, with wave cycles, there is a low due by end of this month.
I never have been able to call the lows and highs out for several months..So your guess is as good as anyone's...I know the daily target is the 140MA 1743 which is where we are now and could be consolidating in another Bear Flag formation or a reverse??...only time will tell...We have a signal for a move to the Weekly 34MA now at 1732 and the Monthly 10EMA now at 1714.. Guess we see..
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