Stochastics and the RSI are overbought, diverging and are bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, the 38% retracement level of the July-September decline crossing at 80.97 is the next upside target. Closes below the 20-day moving average crossing at 79.99 would confirm that a short-term top has been posted.
First resistance is Monday's high crossing at 80.95.
Second resistance is the 38% retracement level of the July-September decline crossing at 80.97.
First support is the 20-day moving average crossing at 79.99.
Second support is October's low crossing at 78.97.
