DJ +90p/+1%, rallied from low after the Fed announced its plan to increase liquidity in the credit markets over the next six months. The Federal Reserve said it would buy up to $300 billion in long-term government bonds.
DJ fut -32p. NK -11p.
FKLI is seen aiming the upper range of 850-860. Above 7SMA is a buy market. And the next major buy signal is above 14SMA/yellow line. Do not think the market can cross above it THIS week.
FKLI is seen opening aorund 850-854 due to the already premium over cash.
3 years ago
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