Super bounce. Mkt erased around 2/3 of the week’s losses. For the week, fkli is down 0.5%, FBM -1%. Sellers took profit ahead of long holidays and mkt took a bet on rebound after DJ +160. Regional around +1%. Europe +1%The mkt completed a 1/3 adjustment – already. And “parking” near 7SMA. Mkt is seen consolidating with upward-bias tone if > 63. But mkt remains dwtrend in the short term untill it cross above the dwtrend line. Target is 1290-1300 or 50% adjustment from recent recent selloff. Immediate support is raised to 70.
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