Mkt was supported, thanks to regional recovery from the previous day’s big losses. But upside almost non-existing amid lack of direction from DJ. Fkli did attempt at 1070 but was consistently held up by fbm’s inability to clear 1160 convincingly.
While negative and toppish at 70, both managed to hold above 7SMA., so uptrend remains intact.
While negative and toppish at 70, both managed to hold above 7SMA., so uptrend remains intact.
But will have to wait awhile before initiating new moves, to buy above 1075… next week ?? I
Immediate concern is can it stay above 7SMA tomorrow? At the mercy of DJ tonight. If breaks, 1140 is high probability.
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