Fbm stunning 7-points push, from 53 to 60 at preclosing stage triggered knee jerk short covering n push fkli to intra-day highs but maintaning a discount length. No particular counter. The only action in afternoon.
Daily candle looks positive relatively with its “long leg” but to be sure it was due to one those push gives you many doubts. At best, mkt seen bottoming out after 20++ points adjustment but needs to regain 7SMA or park near 70 to be convincing.
At this rate, moving averages are pointing to a sideways mkt in Nov…oh no!
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