3 weeks window post LUNAR ECLIPS ends for MARKETS from today.
so things and trend should get very interesting from here.
As i discussed in my 10th,APRIL post NIFTY did tested its meaningful resistance which was at 22800 on upside and post testing that resistance we had seen INDEX turn lower and test its support at 22303 today.
Going forward the intraday vreak of support wont be enough we would require a daily close below 22303 to trigger a minor degree reversal.
it still would be a minor degree reversal because a break of 22303 on closing basis still wont break the ascending flat top formation which is under developement since past several weeks.
To break that NIFTY would have to go below MARCH low of 22710.
Once 22303 breaks on closing basis we could see NIFTY testing its near term pattern supports at 22100 and 21860 on downside.
UPDATE on TIME, and CRITICAL SUPPORT LEVELS to watch on U-S-INDICES
I have discussed dates of 18th to 24th,APRIL as a strong REVERSAL window on TIME front.
most likely INDICES globally are in final stages to register that major REVERSAL going forward an immediate excelleration lower is required to further confirm that objectives.
breaking supports is going to be very critical.
For S&P 5060 is still a major support which is still intact.
we have been discussing this support of 5060 since early March.
this time that should break finally not today or tomorrow but over the course of next few days.
for NASDAQ that support stands at 15800 and DJI that support stands at 37500.
do watch out for these supports closely..
DOLLAR too has broken out and as i have discussed several times here that have more legs on upside i have conservative projections of 109 in next few months.
gann,insides 