Equity Indices Weekly (28 Oct ’17)
Focus remains on 2600.
Just higher are the 2615~ (138.2%) Fibonacci projection of the 2016 rally and the 2620, (76.4%) projection of the 2011-2015 rally.
This area is expected to provide an initial barrier, as overbought studies begin to flatten.
A close below 2500 would add weight to sentiment and delay higher levels.
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