We are testing 12750 support for the second time this week. With the increased number of new investors in the markets, we could see a further fall to the next support at around 12450 or even lower. I would prefer a decent correction to keep markets pushing lower for now, to get some better opportunities. The market tried rebounding a few times this week, but each time reversing quicker and falling more in a single day.
What do you think guys about the near future prospects?