After yesterday's upmove from 1935.369 to 1948.108, Now we are seeing a good consolidation at higher levels. The lowest point in the consolidation is 1943.762. If we see a break down at the lowest point of consolidation, we have a clear down range till 1941.938, 1941.265.
Comment:
Did not notice the CPI coming in during the NY open session which shot the market up to a huge extent.