Looks like a head and shoulders formation in play. Current short position to be closed @19.6000, and a long entry triggered with target of 20.500. A possible short position will be entered with long term target of 18.8000 to complete the H&S pattern. Happy holidays!
The rally on Monday saw this Asian market reach the daily resistance @ 12000. I am seeing the Index pull back to previous support at 11600 then bounce back to current resistance @12000. As to whether price will break this resistance we will see with price action but its highly probable
My personal favourite index . I am seeing price do a minor pull back to the 5450 range and head straight up to daily target at 5500. Possible movement during New York session but you never know. Cheers!
