On Thursday there was an early dip and recovery below the 6wk Control at 6861.50, see Wednesday’s highlighted note. The Control then provided Support twice intraday (see chart) and that acted as a springboard for a rally for the rest of the session with Significant Buying (green) being marked.
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First indication of mechanical weakness would be a RTH close below 682, yesterday’s Buying Day Low. First Level Support is at 6861.50, Major Support remains at 6712.5. Daily & Weekly Technical Trend remain up.
