The index managed to end the previous day above 6950, thus keeping the doors open for a rebound to 7K as seen multiple times earlier this month. Moreover, bullish invalidation is seen only after the index breaches the key support of 6950 on a daily closing basis.
Traders should watch out for a rebound from 6950 followed by a daily close above 7000 as such a move would signal a possible move to fresh record highs in the short-term.
Traders should watch out for a rebound from 6950 followed by a daily close above 7000 as such a move would signal a possible move to fresh record highs in the short-term.
