All roads lead to the 200D Ema. Having broke through our Monthly R1 Pivot, 100D EMA and have now made a daily close above this we can assume this will act as future support.
The only thing which will invalidate this bullish run will be to break below 265/270. Since 300 is a huge psychological level expect a lot of chop between the two levels marked above.
Note the level on RSI since January 30th 2015.
Looking forward the next test is the R2 Monthly Pivot around 305 then our 200D Ema around 335.
Update Posted Below.
The only thing which will invalidate this bullish run will be to break below 265/270. Since 300 is a huge psychological level expect a lot of chop between the two levels marked above.
Note the level on RSI since January 30th 2015.
Looking forward the next test is the R2 Monthly Pivot around 305 then our 200D Ema around 335.
Update Posted Below.
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