Waiting to see how market reacts to pitchfork supports and resistance. 8760-8630 is the zone where I will observe markets behavior. If it goes below red and black line support zone then I will consider that short term top has been posted and we are moving for breaking of previous low. Till that time will stay on sideline. ADX cross over coupled with MACD cross over and RSI crossover will be the first to decide whether market is ready for short covering. It is still trading at mid band of Pitchfork. 100 EMA on both 15 and 30 min charts are my second point of decision.
