ANALYSIS – 6920 and 7070 IS KEY TODAY –
TODAY LOOK TO BUY DIPS TODAY NEAR 6965 WITH 1 MIN BAR ACCEPTANCE BELOW 6920 AS THE STOP. NEEDS A REVERSAL SIGNAL BEFORE ENTERING . TARGET 7000. SAME PLAY AS LAST WEEK. NEEDS TO SET UP IN FIRST HOUR OF TRADE.
SHORT TERM DIRECTION -NEUTRAL ABOVE 6920
MEDIUM TERM DIRECTION NEUTRAL ABOVE 6900
SPIKES IN FIRST 5 MINS AFTER OPEN – no trade
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Anna Rosso