Currently uptrend should end around 978.8363 - 977.9700 area. A correction down to below 958.6700 is expected. A rise above 984.9700 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    support in a zigzag correction 965.0750

  • Trend Warning

    Warning: Imminent end of bullish move

Key Points

  • Key Point979.33
  • Entry Point970.81
  • Trendline 1962.74
  • Trendline 2966.76
  • Elliott926.60
  • Closing970.97
  • Ex-Low953.37
  • Ex-High972.67
  • Projection983.95

Supports and Resistance levels

  • Support 1958.67
  • Support 2946.37
  • Resistance 1977.97
  • Resistance 2984.97
  • Pivot965.67

Uptrend is still intact in a triangle configuration. It should continue to rally to 953.9740 or 966.2800 if support around 933.3400 hold. After which a pullback to 933.3400 - 923.0000 zone is possible.

Technical Forecast

  • Elliott Wave

    elongated flat correction up 963.3250

  • Trend Warning

    Warning: High Zone

Key Points

  • Key Point963.99
  • Entry Point926.90
  • Trendline 1905.35
  • Trendline 2908.35
  • Elliott884.50
  • Closing945.60
  • Ex-Low900.40
  • Ex-High954.02
  • Projection969.53

Supports and Resistance levels

  • Support 1912.66
  • Support 2879.72
  • Resistance 1966.28
  • Resistance 2986.96
  • Pivot933.34

Uptrend is still intact in a triangle configuration. It should continue to rally to 1002.1702 or 964.2968 if support around 899.0234 hold. After which a pullback to 899.0234 - 880.0250 zone is possible.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

Key Points

  • Key Point967.22
  • Entry Point904.61
  • Trendline 1838.09
  • Trendline 2890.38
  • Elliott642.17
  • Closing926.30
  • Ex-Low833.75
  • Ex-High937.02
  • Projection930.21

Supports and Resistance levels

  • Support 1861.03
  • Support 2795.75
  • Resistance 1964.30
  • Resistance 21002.29
  • Pivot899.02