25/10 Week, page-2

How North are you thinking this week?

XJO has a downtrend channel since the 20th October
Closed just under the top of this channel friday (fake breakout just before)

7370 is the bottom of that channel (7350 by close)
XJO needs to sell from the open today to stay within that channel

Any gains this morning & we could see 7460 (next leg up)
Bottom of that bearish channel is 7415 (7390 by close)

7460 breaks & the last top I can see is 7490 (I don't think it's possible that breaks this week/month)
7380 breaks at any time & the bullish channel since the start of October breaks (will look around 7280 for the next long, depending on momentum & timeframe)

Previous estimates of dropping 7500 - 7300 by end of month could still play out