DJ futs –80. Regional all positive, mildly.Cash reversed early losses, parking near the recent high level. 968.37/+3p
As the cash managed to stabilize above 860, FKLI took to the higher ground in the afternoon, pushing into a new trading band of 960-970 from 950-960 in the morning. Trading was light
FKLI still in range trading and seems eager to visit 1000++ but cash still sluggish, below 970.
I think, if we see a higher mkt tomorrow, above 970, it would signal a NEW buy market for the remaining days for this month, targeting 1k.
Bears should watch out, especially after the markets moved further apart from their short term supports today – 950 FKLI and 960 Cash.
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