The market closed the week positive up 0.16% as is really trying to repair the damage created by the strong sell off.As you can see on the daily chart this week the market posted higher lows, but still was unable to break above the 200 day moving average.
Still a very volatile market to trade as there is no real direction to follow as all the movements are driven by news.
We have support at 1085 and resistance around 1105 at the 200 day moving average, and until that level of resistance is not broken and the index closes above it, the bears still have an edge on this market.
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