On the daily chart
, prices have looked wobbly in the last few trading session.The daily RSI
has turned lower from the overbought region, while the daily MACD
has turned bearish
Consequently, 18,264 (23.6% Fibo of Brexit low-Record high) stands exposed.
On a larger scheme of things, bullish
invalidation is seen only if prices see a daily closing below 18,167 ( Apr