Indices 27/2, page-174

Does this count as a broken downtrend yet??

We are now trading above 7250 & it's after midday
We are now technically in the new channel at 7240 & 7300
First new fence I've needed since the start of feb
Xjo only needs to close above 7240 now
Bulls need to hold every new fence jump to maintain this momentum

Short covering since Monday but indices have fallen based purely off momentum & nothing else (no, I don't have evidence for this)

As soon as daily chart turns, I'm sure the bounce back will pick up speed
Expecting some volatility early as angry bears will try salvage this (I don't care if market can go either way)

We just need world markets to play along tonight & it's a cautious recovery from this