Disliked{quote} 9700 now we will probably trade between 9700-9800 until options expire. If we clear 9800 and continue up then I reckon the bear trend has reversed into bull trend again. Will be risky to trade in this range. Probably best to stay out until opportunity opens up again. Those that got in this morning around 9440 should have made a killing today.Ignored
We just broke the downtrend line that has been in play since 1 December 2015.
If we get a confirmation candle on the Daily above this downtrend line, then I think we should hit the Monthly 7sma (10233) and/or the Weekly 20sma (10266), with the next target being the 200sma on the Daily @ 10368. Even if we hit these targets, we could still move to new lows again if something blows up, but certainly right now, its risk-on sentiment.