Note

Note the area where we have bounced off in the first hour of trading: 1179.75. What did I say about 1180 in the last post. Bulls have this as their marker and a close below will weaken their cause especially if we make it to the the 1174 area.

We will see soon enough

Action

1182.50 was the overnight lows if we break that during the day time trade look for a quick flush to that 1174 area mentioned yesterday. I think that's the magnet on the downside. 1180 area is also closing number for the bulls to hold onto their bias-

We will see soon enough.