It still wants to go up in face of high inflation and credit problems. In any case it is oversold and the 686 area, the confluence of multiple moving averages, is providing tremendous support for two days now. Watch 690, 693 and 699 tomorrow. There is a very high probability that tomorrow is an up day, provided tame CPI of course . Whether, it will continue its down draft, we will just have to wait and see.
2c
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