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Posted by on in Equity Index Chart Updates

A downside rejection and solid dip and bounce Wednesday reinforces the more positive tone Tuesday after the resilient defense of 6929/27.5 support

With better support untested below at 6875/71.5 and given the previous push to a new record high to 7081.5, we still see bullish pressures for April.

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Posted by on in Equity Index Chart Updates

A probe to another new record high to 7061 after high level consolidation this week of the strong rally last week, having previously defended support, at 6875/71.5.

We favour further bullish extensions to upside targets into April.

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Posted by on in Equity Index Chart Updates

The push above the 6860 level is enough to signal a re-energizes bull theme, having previously rejected a more bearish shift in March with the rebound from ahead of 6618.

For Today:

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Posted by on in Equity Index Chart Updates

A hesitant, but still resilient tone on Monday to enhance  the view that the solid bounce late last week from 61.8% retrace support at 6784.5 favours a further bounce effort this week.

We see bigger pictures bullish pressures resuming into early April from the  push last week to not just another new recovery high, but to an all-time high through 6995, the prior peak from 1999 and 7000 psychological/option target.

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