A positive outlook for Thursday was confirmed as the profit taking rejection of Wednesday’s 3 month low extended. Net gains were not extensive but they were enough to regain the preceding day’s entire net rise and retest the 200 day mvg avg. That point was not clearly broken and the Keltner channel continues to emphasis a negative tone but in the immediate term the outlook is different.
Yesterday's demand and close near the highs places studies positive and so, temporarily we look for .7640 and .7666. Only below .7584 confirms a return of negative sentiment.