The bottom cloud chart level support failed at 7134. Sliced past the 7060 support level as well.
Price action is below the cloud, this is bearish from a cloud chart perspective. Next key support target is at 6688 zone! Bottom of cloud is now new resistance zone!
Its critical for the index to regain support , but this week we will see if support is going to come back in at these levels below the cloud! Short-term swing trade back up to the bottom of the cloud possible. Last week it tested an old cloud chart support level around 6900 zone!
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