by seeing charts it is clearly visible that bear strength is reducing so we can expect this carnage in smallcaps to be completed in near term. I have posted some similar setups in my previous posts which have been successful so expecting the same in smallcaps fingers crossed
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index broke out successfully uptrend confirms only on break of previous swing high i.e., 7490/7500
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first swing high broken lets see if sustains or not next resistance zone 7610/7784