WEAKNESS OR CONSOLIDATION

Are the markets consolidating in the range of 2880 range or is distribution/ unwinding going on at higher levels..Buying conviction is lacking ...markets kept testing the bottoms and closed near bottoms..( Tough markets to trade with narrow range and quick volitality)The range of 2860-2960 is being traded in now..lets see where we head in the next few days..cheers..

HEIGHT BLUES

Markets despite recovering yesterday , seems to be nervous at these levels..Asia is weak so will we be,..The markets were a tad overbought and when it does not attempt crossing of highs 2960 zone it surely likes to test lows..2860 zone was crossed after many days of struggle and break and close below that will unnerve the bulls.. Trade light for a day or so and see where we head..Cheers.