Market has broken the resistance of 6300 points and now heading to a new resistance, we don’t normally forecast hypothetical resistances, but the market could well go all the way to 7000 next few weeks.
We would like to see Friday closing at this levels to confirm this movement.
EMA has intersected SMA last week as we have pinpointed on a post last week.
See details bellow.
It has been mostly led by banks and retail sector.
We would like to remind that US election’s can still bring volatility to the market, so we are going carefully and exploiting sectors that had underperformed so far with a great potential.
Let us know what you think about.