Index has broken a wedge to the upside with a strong candle
and has tested the Weekly R1 at 12200. A daily close above
will increase chances for a bullish continuation next week,
with a bias towards testing the multi year high at 12220.
Major resistance above that high is the Monthly R2, but it seems
unlikely within the final trading day of the month, though anything is possible
if the high is taken out.
and has tested the Weekly R1 at 12200. A daily close above
will increase chances for a bullish continuation next week,
with a bias towards testing the multi year high at 12220.
Major resistance above that high is the Monthly R2, but it seems
unlikely within the final trading day of the month, though anything is possible
if the high is taken out.