Failure to hold above the rising trend line (coming from June 24 low) followed by a daily close below the 50-DMA which seems to have topped out, would signal a major trend reversal and open doors for a sell-off to the magical 7000 figure.
50-DMA stands today at 7273
On the higher side, only a daily close above 7394 would revive bullishness and open up upside towards fresh record highs.
50-DMA stands today at 7273
On the higher side, only a daily close above 7394 would revive bullishness and open up upside towards fresh record highs.
