PRICE AND TURNOVER
Close: 2,697.21
Change: 94.83 3.64%
Value: 3,667,500,000
MARKET BREADTH
Net Advancing Issues: 86
Net Up Volume: 1,556,463,370
Net Foreign Buying: -255,811,961
TRENDS
* UNDEFINED PRIMARY TREND | Declining wave | Prior support 2289 | Prior resistance 3896
* INTERMEDIATE DOWNTREND | Broken trendline | Correctivel wave | Prior support 2289 | Prior resistance 2903
* SHORT TERM PROVISIONAL UPTREND | Directional wave| Prior support 2372 | Prior resistance 2507 broken
CHART WATCH
The short term uptrend races past the declining intermediate trendline. The next critical level becomes 2903 which is the prior resistance level of the intermediate trend. IF the minor uptrend breaks above this resistance, it will qualify as a non-failure swing scenario that effectively ends the current secondary downtrend and lead to EITHER a consolidation or reversal. A more detailed analysis will be posted on the next weekly review
Close: 2,697.21
Change: 94.83 3.64%
Value: 3,667,500,000
MARKET BREADTH
Net Advancing Issues: 86
Net Up Volume: 1,556,463,370
Net Foreign Buying: -255,811,961
TRENDS
* UNDEFINED PRIMARY TREND | Declining wave | Prior support 2289 | Prior resistance 3896
* INTERMEDIATE DOWNTREND | Broken trendline | Correctivel wave | Prior support 2289 | Prior resistance 2903
* SHORT TERM PROVISIONAL UPTREND | Directional wave| Prior support 2372 | Prior resistance 2507 broken
CHART WATCH
The short term uptrend races past the declining intermediate trendline. The next critical level becomes 2903 which is the prior resistance level of the intermediate trend. IF the minor uptrend breaks above this resistance, it will qualify as a non-failure swing scenario that effectively ends the current secondary downtrend and lead to EITHER a consolidation or reversal. A more detailed analysis will be posted on the next weekly review
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