which, as often is the case, created an extended D point,
here the 1,272 extension. Index then turned nicely and
reached the mini-target of the whole ABCD127 pattern
and also the Technical ABCD mini-target (the 61,8 retracement
of the CD leg). This level (around 10360) has given support
three times and a LT is also supporting index.
Index is now standing right at the Yearly , and has
failed to breach it for several days. Until it has been breached
the Index stands at a critical point. If it is taken out
prospects increase. Still, the two retests of the 10 360 level
makes a heavy impression. The Yearly will be
the line in the sand for further development with a break out
higher or another retest of the mini-target level.