July 25, 2016

Market outlook

Daily charts
- markets breakout from trading range formed over past 8-10 days
- trend is still up...
- support now stands increased to 8480 ... the lower end of the recent range
- weekly close above 8600 can lead to retest of 9000 levels



5 min charts
- breakout from resistance was buy signal
- cover at close




No comments:

Post a Comment