Trend is up with support at 7540 spot.
On my swing indicator, trend reversal will be confirmed on close below 7850 spot.
NOTE: this sell signal can sometimes lead to a whipsaw as profits to date are high at 1700+ points and after a strong trend it is normal for markets to trade sideways and thus generate false signals.
EOD charts
Hourly charts show sell with reversal at 8060 spot.
On my swing indicator, trend reversal will be confirmed on close below 7850 spot.
NOTE: this sell signal can sometimes lead to a whipsaw as profits to date are high at 1700+ points and after a strong trend it is normal for markets to trade sideways and thus generate false signals.
EOD charts
Hourly charts show sell with reversal at 8060 spot.
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