50 MA AND MAJOR SUPPORT BROKEN
The 50 MA has been officially broken. We have one more support that I have labeled clearly on the graph. I expect the 50 MA to be our resistance at the moment. This is a big moment for the market. We are approaching the 200 MA rapidly. If we break that and/or 3000 area. I would expect some big panic in the markets. At this moment I would sit on the sidelines and see if we get a bounce or drop in the market.
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