Bottom end of the cloud remains a key resistance zone, with potential for the index to rebound from old support lows, and test these resistance levels!
Overall price action is below the cloud which is negative from a cloud chart perspective.
Turning to the weekly cloud chart, here the rally is still in tacked for price action is above the top end cloud chart support zone. There is downside risk towards the top end cloud support levels with a potential rebound from those levels!
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