Impressive close right at R1 663. The buying and selling sentiment were just about equal. Today seemed to be more like Nov15/16. Technically, it is an NR4. The numbers are narrowing, 666, 662 and 659. A break out is anticipated one way or the other. Volatility does not yet reflect a trend change. The bias is still to the downside. There is a flurry of data coming tomorrow such as retail sales, ppi and bank earnings. Particularly for C, a 24 mil draw down, 24k job cut and 50% reduction in dividend are in the card.
2c
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