The index is holding on to the upward channel is has been trading in since May. Sell offs like the previous days offer entry opportunities. A break below the channel (which also coincides witht eh 50ema) can turn momentum sour.
As of now, however, price action remains largely positive.
As of now, however, price action remains largely positive.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.