I drew this a long time ago. I am not currently trading this index but looking at my charts, I could say that longer term line paid off yesterday. So probably this might help some traders.
The lower green line are those highs generated after the august drop. So probably if this is a bullish market, it might fall down to that green line and then rebound with great bullish momentum so that it will kick off again. OR, if it drops, then this is going to be huge.
The lower green line are those highs generated after the august drop. So probably if this is a bullish market, it might fall down to that green line and then rebound with great bullish momentum so that it will kick off again. OR, if it drops, then this is going to be huge.