The recent selloff with high volatility in the market created lots of trading opportunities in both directions of the market.
The Index latest pullback bounced twice at around a Fib technical support price point around 2850.00. The Index managed to close its Friday session 16-8-2019 at 2888.70 just above 2884.50 support. The Index must remain above the current support at 2884.50 to continue to its next target at around 2917.00.
The Index could fall again to 2850.00 support if it fails to hold above 2884.50
The Index latest pullback bounced twice at around a Fib technical support price point around 2850.00. The Index managed to close its Friday session 16-8-2019 at 2888.70 just above 2884.50 support. The Index must remain above the current support at 2884.50 to continue to its next target at around 2917.00.
The Index could fall again to 2850.00 support if it fails to hold above 2884.50
