FCPO wrap: mini bulls face off with 2500..no luck today

-bulls effort fail to pay off as handsomely as yesterday after coming to significant short term resistance lvl. The mkt spent most of day trying to figure out 2500. But came late selling activities. .. maybe retail buyers profit take selling already. Kwailow may not be this aggressive at these lvls.

-because the mkt is still above 2450, its too early for bears encore. Plus bulls will not give up just yet with Apr10 still at the high end of 2450-2500’s “bears-sidelines“ range.

-generally, below 7SMA is bearish with next sell off if 2450++ breaks. If mkts recovers 7SMA, it could be a boring range trading within 2450-2550+ for some time. So i wish for the former.