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Index touches target of $71 precisely, comes back with a green candle after a Harami.
All signals favored the Bulls last week, except for the Harami.Index perfectly touched the 141% Fibonacci retrace of the 'Last Bottom to Jan'2017 High'.
All Signals expected to favor Bulls, with the exception of the Resistance at 141% Fibonacci.
Bears, hope for a pause as index reaches target of $71.
Clearing the 141% Fibonacci ($71+) with the current momentum would be the Bull plan.
Bears hope resistance at the 141% Fibo, will lead to life below the Tenkan Sen (Blue line).
With momentum on their side, Bulls seek to clear $71.