Crossing 9130 is important to negate the y'day engulfing candle.
Today's recovery was sharp and unexpected.
I would wait for 9130 to be crossed and exceeded before concluding that yesterday's engulfing candle is negated.
crossing and sustaining 9050 is important for intraday long side trades.
8880 and 8815 are important support levels on the down side.
Future OI and options positions do not provide any clue, volume and OI remain at multi-year low level.
I would wait for 9130 to be crossed and exceeded before concluding that yesterday's engulfing candle is negated.
crossing and sustaining 9050 is important for intraday long side trades.
8880 and 8815 are important support levels on the down side.
Future OI and options positions do not provide any clue, volume and OI remain at multi-year low level.
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