A moderate bullish bias is applicable above 3260.
A change in trend direction to bullish occurred. Some bullish divergence is notable. However, a bearish MACD crossover on the daily time frequency remains applicable. Downside price momentum halted, which supports a bullish trend. Upside target: 3320/350. Downside target for a break below 3260 will be 3210.
The market was also expected to be volatile in the coming week because of month-end and quarter-end rebalancing.
A change in trend direction to bullish occurred. Some bullish divergence is notable. However, a bearish MACD crossover on the daily time frequency remains applicable. Downside price momentum halted, which supports a bullish trend. Upside target: 3320/350. Downside target for a break below 3260 will be 3210.
The market was also expected to be volatile in the coming week because of month-end and quarter-end rebalancing.