As noted already in the post yesterday, our national index is forming a bond bear market triggered by the rebound from the 22,500 resistance and could be confirmed with a weekly close below the area highlighted in the confluence chart.
The thrust of the vendors is becoming more insistent, talc should be a strong bullish cue from the buyers to turn the tide of legislation.
Failing is the same chart to highlight the next target.
tomorrow.
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| daily Chart (courtesy of ProRealTime.com ) |
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