Just a quick update looking at the charts. Markets are likely to go a bit lower. The Corrective B correcting the up move from 4531 to 5629 is not yet over. Only legs A and B are over. 1 more down leg starting from 5378 is ongoing.
The target for this could be 5074 which coincidentally is close to 50% retracement of the up move. Be prepared to nibble at lower levels.
The target for this could be 5074 which coincidentally is close to 50% retracement of the up move. Be prepared to nibble at lower levels.
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