Markets pierced the intermediate resistances with extremely negative divergences then closed below the Rs.
HOD trading above R
$COMPX 1879.92
$INDU 8877.93
$INX 956.23
Closing below the DOW 8800 and SPX 950
$COMPX 1862.37
$INDU 8770.92
$INX 944.89
Market price actions are erratic, so it is better to stay away from market gyration except for day trading.
Markets are in distribution phase, so it would be irrational to chase markets at this level in overbought condition.
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