On Tuesday last week Support emerged at 6277 (now 1month), see previous notes. The Support has held since then but has been tested overnight. As I wrote on Friday ‘ST Bulls would want to see the Support hold or be recovered on a test.’ Price printing time below that level would be a first indication of weakness and, as per note 07/03, ‘First indication of mechanical weakness would now be a RTH Close below 6238.25‘ (dashed line on chart).
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