Deeper correction on the back of negative news and slipping below 5340 yesterday but not sustained and moved above today after sentiment improvement due to:-
1- Dow's futures more than 45 points up today.
2- Most Asian markets in Green today.
3- Reduction in Crude rates by more than .50%.
Question of sustaining above 5340 has to be replied yet and that will give confirmation of Intermediate term trend survival as well as rally continuation possibility after correction completion.
1- Dow's futures more than 45 points up today.
2- Most Asian markets in Green today.
3- Reduction in Crude rates by more than .50%.
Question of sustaining above 5340 has to be replied yet and that will give confirmation of Intermediate term trend survival as well as rally continuation possibility after correction completion.