Markets seem to be attracted to certain levels. Currently still SHORT from 5230 and 5262, the High last week (on Wed 2nd Jun and Thu 3rd Jun). 5122 is the High seen on Monday 7th June.
30Min - SELL
Using the 30min Charts the 10ema(5083) < 20ema(5099) < 30ema (5114) are STILL on SELL signal. A break above 20ema(5099) will be the first sign that the BULLS are taking control of the market.
Daily - SELL
The 10ema(5142) < 20ema(5206) < 30ema (5270) are STILL on SELL signal. A break and close above 20ema(5206) will be required to switch to LONG trades on a WEEKLY basis.
Weekly - NEUTRAL
The 10ema(5320) < 20ema(5356) > 30ema (5307) will be indicating a SELL signal if the MArket closes below 5062 this week. A break and close above 20ema(5356) will be required to switch to LONG trades on a MONTHLY basis.
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