Trade Alert
It is starting to turn ugly for this index. We could see a continuation to the downside towards the 7610 level. A break of that level opens the pat towards the next key area of support at 7565.
Alternatively, a full reversal back up to the 7690 mark, could be seen something of an interest for the bulls and they could drive the index back up again. In this case, keep a close eye on the 7795 level as a potential area of resistance.
Don't forget your stops.
It is starting to turn ugly for this index. We could see a continuation to the downside towards the 7610 level. A break of that level opens the pat towards the next key area of support at 7565.
Alternatively, a full reversal back up to the 7690 mark, could be seen something of an interest for the bulls and they could drive the index back up again. In this case, keep a close eye on the 7795 level as a potential area of resistance.
Don't forget your stops.