Daily charts
- trend is down on daily charts
- we had a fast/ strong reversal in 2 days
- have a doubt if this will sustain
- today, markets closed above 8500
- but close was near day's low
- option writers bullish that 8000 will not break in DEC
- why do they expect 8000 not to break? when we are already at 8500?
- Why not 'expecting support' at 8400 or 8200?
- so what is the market trying to tell us?
- trend is down on daily charts
- we had a fast/ strong reversal in 2 days
- have a doubt if this will sustain
- today, markets closed above 8500
- but close was near day's low
- option writers bullish that 8000 will not break in DEC
- why do they expect 8000 not to break? when we are already at 8500?
- Why not 'expecting support' at 8400 or 8200?
- so what is the market trying to tell us?
