Nice to see a strongly positive close after a long time. The icing was this happened on a Friday so expect more gains from here on.
This is how the EOD charts look...
The H&S pattern obviously gets negated (this would have been had 6640 broken) so forget any correction and henceforth consider 6640 as a strong support/ important swing low.
On a negative note, VIX shot up by almost 10%.
Weekly charts are bullish with SL at 6600. That the gains came on the last day of the week is an important factor.
This is how the EOD charts look...
The H&S pattern obviously gets negated (this would have been had 6640 broken) so forget any correction and henceforth consider 6640 as a strong support/ important swing low.
On a negative note, VIX shot up by almost 10%.
Weekly charts are bullish with SL at 6600. That the gains came on the last day of the week is an important factor.
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