1296-1300 and 1310-1313.5 both knee jerk reaction, false signals. Like fbm, fkli mostly 1300-1310 cautiious but expectation for a rebound is growing. Fbm daily candlestick says so too. It looks like reaching the tail end this week. Current losing streak stretches into 5 day now.
While short term treand remains bearish, watch out for a rebound if mkt stays > 1300 this week. However, selling can reemerge next week if it fails to cross back above 1310.
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