SENSEX Index Another Topping Formation DevelopingSENSEX INDEX India
This is another index that looks like it's topping out for the summer.
The great bull campaign from the 2009 low at 8075 to a high at
36370 over 9 years is in its final stages. Echoes of the Dax here.
A break below 34291 will trigger a short opportunity here back to
32516 where it should attempt to bounce - but it won't get far
when it does. And once it breaks below here it should start to
fall away in stages to 31096 then 29169 where it should
bounce harder.
If at any point over the summer 29169 gives way to bears it
should fall harder still 25772 and when that breaks to 22577.
A series of potential short opportunities here all summer long. Be lucky.
