20 June Thursday View

Mr. Ben Bernanke's statement along with other long waited data has been published and its reflection and the market reaction has already been seen as anticipated.

I was supposed to post this post this morning at around 10 AM, but due to an unscheduled but "must attain" meeting prevented me from doing so. Now this information doesn't matter much as market already has made its move, but just felt like to share, so here it is "May 17 low 32269 should provide some support for now as it has already been tested. 31869 Daily 0% retracement and 31283 (78.2 %  retracement) in weekly charts should be next support levels."

As of now the 31870 level is already broken and the other 31283 is being tested and the price now is trading at 31459. We may see attempts to hold on to these levels, but if the 31283 is broken, the fall towards 27889 can not be denied. :)