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Learning from last Week: (click here for the previous post)
Index after its take off from Support at the Tenkan Sen (Blue) clears resistance at the 113% of the Last Minor High Low (as above) - to reach the 141% retrace.
2458 is a confluence of two Retraces, 162% and 200% as above.
Wrap:
Bulls after making a Higher High, held back by the 141% retrace.
Looking forward into this Week:
Bears seek to hold the 141% to get back into the game.
Index Support and Resistance possibilities are marked as above.
Wrap:
Bulls look to make new ATHs, staying above current support at the Tenkan Sen (blue line).
Bears seek to keep it below 2458.
