Prices plunged at the open through 2260 support, eliminating the previous bullish set up. However, there was a strong counter-rally after a bottom at 2254 was found and the market closed comfortably above the Trend Average. I was hoping we would see ATH today but the market has not made up its mind yet. So now, key support for an ongoing rally becomes 2254 and new highs will come if the TA remains bullish.
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Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish