With rumours floating around of spending being cut by the govt, this index is key doing ahead over the next couple weeks. If it breaks down all its underlying can be shorted.
If there is a stimulus or some package for the infra sector it could bounce from support.
Watch for its underlying with close attention because they could give super chances both ways....
Bullish cypher with bullish divergence, a sweet spot for a blast..
Also the D point is cushioned in ichimoku kumo clouds and presently at pivot..
The uptrend's resistance is expected to be at the outerline of the pitchfork and 0.618CD of the cypher pattern, which coincides..
But i expect there will be a bit of correction i the lines of 10 to 15 percent after...