Two consecutive daily close below the head and shoulder neckline suggests the index is on track to test 6580 levels (H&S target)
July 4 high of 6612 could offer some support, although a rebound could be met with fresh selling
Short-term bearish invalidation is seen only if the index sees a day end close above H&S neckline level
July 4 high of 6612 could offer some support, although a rebound could be met with fresh selling
Short-term bearish invalidation is seen only if the index sees a day end close above H&S neckline level
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.