Zone of Dismay
If you look at the charts it has clearly broken the crucial support of 23332 which was the last years 03 June 2024 high which was the one of biggest spinning days. So markets are now in big selling mode and the parallel channel was formed making 6 touchdowns around the level of 23332 and that's the biggest issue as of now.
On precise levels the markings are made on the chart indicating the further support and resistance coming ahead timespan.
I felt that another major reason for such weakness is the Gold and other commodities rally which is very sharp and Black gold is sluggish and till the US Administration is not clear what they want from global economies markets will remain in sideways to bearish mode.
On precise levels the markings are made on the chart indicating the further support and resistance coming ahead timespan.
I felt that another major reason for such weakness is the Gold and other commodities rally which is very sharp and Black gold is sluggish and till the US Administration is not clear what they want from global economies markets will remain in sideways to bearish mode.
Penafian
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