Bulls survived yesterday by such a close margin at 7280 support channel
We managed to move up a fence overnight
But still in the 7290 & 7350 fences
We use 7310 as backtest this morning & we still might not be going anywhere today. Support (7285 at midday) remains at risk monday if top fence holds
If we use 7330 as backtest, there is hope to jump another fence & that puts us into the 7330 & 7390 range
Top of this range is 7450 by Monday
Still on track for 7550
Bears lose 7360 & their next regroup level would be near 7500
Until bears lose 7360, I won't get too excited just yet
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Bulls survived yesterday by such a close margin at 7280 support...
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