Long live the bulls! They took us above830 as discussed in the previous post about todays price action.
However, I am getting more and more concerned about going up further in the short term. There is a limit for the bulls to buy dips and lift the market up each time it starts going down.
The volumes are significant , so the buyers are still serious.
The markets are still unpredictable but just to make a wild guess, I see the markets holding above 792-800 for the coming weeks and meanwhile force the upside 850-865, and then hopefully 920-930. The winner will be decided by the company figures and macroeconomic data.
This is completely a healty situation.
Overall I still back the bulls for the moment.
I hope for a very good news which can take us above 865.Keep the fingers crossed.
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