Travelers settled Monday +1.2% to $265.25.
Friday’s black candle failed to play out.
Daily momentum is on the low side.
We’ve two upside gaps, with green 271/275
Some perspective…
Its been a mixed October, with Travelers printing a new hist’ high of $287.95, a spiral to the $252s, and bouncing to the current $265s
Monthly momentum has turned negative.
The current monthly candle is bearish engulfing.
I’d note the key monthly 10MA $263s.
I’ll be quietly watching this one into the FOMC of Oct’29th.