Both fail to perform “A++”, with fbm < 1220, fkli <1225, but still sailing smoothly along the same, expected flow of up up....a "A " day. Market is “parking” near breakout lvl. Another strong DJ tonight is probably what the mkt needs to tempt more internal, aggressive buying.
Above pink/blue support, bullish. No reason to short yet as risk of a breakout is high. Keen sellers will have to see how the mkt develops first.
We may be looking at a potential new rally, targeting 1270++. ( about the length of the previous rally). This is the first try to break higher again after a 2-week of pullback from a 1160-1230 rally. SMAs are seen bending upwards and should turn bullish right before budget on 23rd.
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