Target 7,700.
Note
Down move was checked by buyers from 10,000 to 9600. Next move will be out of the range 10,400 to 9600 - Outlook now neutral with potential now to range trade. Note
Recent price action has expanded to 9,500 to 10,500. Trading breakouts on the weekend is dangerous. Range trade now as reduced volume allows whales to fish for stops and then reverse the market.Note
The recent low was 9280 before powering up to 10,700. I am interpreting the small size of this move down as a very bullish sign.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.