Mostly profit taking today especially PM session. Players decided to lock in profit near 1150 in early trades. This dictated mkt direction especially with a lack for external push.
Today’s price action is likely to put fkli back on bears's radar screen. This is the first set back in five for mkt bulls Only DJ big gains tonight can reverse today’s toppish outlook, meaning back above 1140
Below 1140, mkt is due for more pullback., meaning trading-sell. It would be best to see the mkt consolidate towards short term support first to test the rally sustainability before resuming its run.
For those who wish to trade in the direciton of the mkt trend, wait at support lvls or buystop above 1140.
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