I'm expecting a close above 5550 and with that we'll have a chance to retest 5800, which is the previous support now broken and should serve as a strong resistance. will observe price action at these levels.. but first we need to cross 5550 before a move up. failure to break above 5550, we have a minor support at 5400..
these are all short term signals, for mid-term, if we don't get back into our previous range of 6200 - 6800, then i see us flirting with 4000 - 4800 soon..
i'll be looking for short signals around 5800 - 6000 if we get there.
Trade safely, and stay on alert as we'll keep you updated.
