Seller meets previous buyer

At the start of this July series we had witnessed a strong open drive from 5211 to 5248 and consolidation thereafter.

 

Have a look

 

Mp 40 Seller Meets Previous Buyer

 

This morning we gapped below the 2 day range and the POC from 9th July and met the top of the single print from 29th June.

 

A auction into the single prints brings the possibility of 5210 and the gap below that towards 5183 into play immediately.

 

For the upmove to rematerialize the NF has to move above 5280 and then close above 5299 .Sellers holding short term momentum.