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During the day, the market pulled back from around 63,800 to around 62,800, then the bulls added on and moved upward to around 63,900. The market’s incremental move upward continued, the moving averages shifted higher, and it maintained low leverage for participation.
Friday night:
For the market around 63,400-62,900, stay cautious—focus on 64,500-65,500.
For the market around 1,660-1,635, stay cautious—focus on 1,710-1,735.
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