IMHO it is near exhaustion for this run. The first test of resistance will be at 7449 which was the low of Nov 21. A very close second is the down trend line that has been respected in recent times and this will be challenged around the 7530 mark. If the trend line can be broken with some conviction however the bulls are in charge and all bets are off.
Just as a matter of interest that resistance line at the bottom of the chart was the intraday low of April 14 1997 !
MDP
IMHO it is near exhaustion for this run. The first test of...
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