Our recent #spx long position has finally hit first target at 1350, as days high is 1348 so far. After completion of inversible H&S pattern, #spx now inching up to final target of 1375 as mentioned in last blog.
We also holding long position in #dow indices. As per daily chart this also moving higher beyond its double top pattern with strong movement of almost a percentage in today's trading session.
After consolidation opening of #european market, despite the weak cue from major asian market like #nifty, europe did impressive bounce. Later half of nifty was a follow back to europe.
Indian #nifty has no patter on daily chart, but a narrow consolidation range has been detected within 5750 to 5930. If today's trading on DOW and S&P sustain the adequate gain then next day this could be BO reason on NIFTY from this range.
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