The whipsaw price action Wednesday, after the Tuesday breach of modest support at 2100/2099, has left 2082.25/80.75 support intact and leaves the skewed bias for extension above the 2117.75 record high from late February into mid-March (today even).
For Today: We see a breakout levels at 2085.25 and 2104.25, but with an upside bias.
- Break above 2104.25 targets 2117.75 and also aims for 2122.5.
- Break below 2085.25 aims through 2082.25/80.75 for 2070.75.
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