Support at 15400 will ensure upside move till 16600

Support at 15400 holds then we may see the minimum upside target of 16600 in the coming days. Then the down move may start, but if we keep on rising will push us into a prolonged period of bear market.
Caution: The red area is the yearly CPR and price is always attracted to it. Since we have not tested the CPR in this year the more the up move will ensure the down move is faster.

Comentário:

Upside target of 16650 was achieved in the opening itself and closed in the red. Lets see whether it tops out is known in the coming days.