That was well managed by the Expiry team. Made to believe close.
It was ditto in June too, however, March April and May were larger moves on expiry day also.
Now was that an opportunity to sell yesterday considering that the up move was false or was it confirmation that the downside is all but over.
Frankly we are 200 points either side to conclude, or we are one day away from getting more clues.
1. Daily dark cloud and channel break clearly calling for move towards the 24000
2. Weekly if we close another 100-150 points can print evening star
3. Bi-Weekly it gets to the dark cloud pattern
4. Tri-weekly opens up potential evening star pattern
5. Monthly another four working days, potential shooting star?
Money saved is money made.
Remain on the short side below 24630 for 23950 extensions towards 23750-23500