- markets bounce off lower trendline and oversold levels
- rally to 8600-8700 possible
- this will be a technical pullback or relief rally
- markets may eventually form a lower swing high and break recent supports
- broader trend is down
- option writing support 8400 resistance 8600
- rally to 8600-8700 possible
- this will be a technical pullback or relief rally
- markets may eventually form a lower swing high and break recent supports
- broader trend is down
- option writing support 8400 resistance 8600
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