Positive RSI Divergence on SmallCap 100 Index
Positive RSI Divergence on SmallCap 100 Index. Some bounce expected.
Resistance is at 6555 and 6950. Note that 6555 is also the 200 MA on weekly.
Slightly Risky buy on a closing above 6555. Possibly safe to buy on a closing above 6950.
Downside can possibly accelerate towards 5400 if 5650 is broken. Huge downside possible below 5400.
Resistance is at 6555 and 6950. Note that 6555 is also the 200 MA on weekly.
Slightly Risky buy on a closing above 6555. Possibly safe to buy on a closing above 6950.
Downside can possibly accelerate towards 5400 if 5650 is broken. Huge downside possible below 5400.
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