875 on the futures now broken if we close below it today it would confirm the bearish sentiment change in the market and more than likely act as some resistance.
If this 875 proves top be pivotal then we will have a new range established on a lower level. Range would like be the 850-925 area.
Watching that 868.50-869 now!!!!!!!!!!!!!
Our Analysis of cycles calls for a high in the market in July remember. Now the questions is whether it is already seen it or we have to wait, technically we are just in the first trading week of the month.
MARKETJEDI
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