We have achieved our medium-term target at 12.000.
Supportive - easing - monetary policies of the major central banks may cause another bullish retracement in indices shorter term. - The FED, RBA, BoC, BoJ, ECB-
Breakout of the neckline can be used as a buying opportunity.
Note: The FED's rate cut does not mean anything by itself if not supported by the repo and swap operations. Medium-term, it is just a needle to bubble.
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