Bearish move in the daily MACD has opened doors for a bearish break below 18,330 and a slide towards 18,26 levels (23.6% of post Brexit rally).
A day end closing below 23.6% Fibo could yield a move lower to 38.2% Fibo support at 18,034 levels.
On the higher side, a rebound from 23.6% Fibo support would increase odds of the index posting fresh record highs.
A day end closing below 23.6% Fibo could yield a move lower to 38.2% Fibo support at 18,034 levels.
On the higher side, a rebound from 23.6% Fibo support would increase odds of the index posting fresh record highs.
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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.