It did not break out of 645. Tomorrow's numbers are 646, 644 and 641. An NR7 and it can breakout either way. Unless the CPI tomorrow is extremely tame, the bias is down. For the simple fact that the Fed is near the end of an interest rate cut cycle. A bad CPI will give them reason to do so. In addition, we are still in short term down trend unless 648 is taken out to the up side. Will see.
2c
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