Cash sucks. As a consolation, cash snapped 5-day losing streak, +2 at 869, and still stuck within 864-871 mini-range for the last three days after a plunge on Monday.FKLI had near zero chance to really challenge 880 with no helping hands from the cash. FKLI finally caved in late trading on profit take selling.
Just a minor glitch. But bulls should be concern if mkt breaks the first horizontal support and run if it heads further down towards the second horizontal support for closing. Holding longs below these supports require a lot of guts and a lot of luck ahead of the long holiday.
No buy below 872. Expecting the mkt to range within the chart recent comfort zone tomorrow.
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