Market Observations|26 Oct 2022
Equity Market Observation 26.10.22
After trading as low as 11800 in early October, we have seen corrective rally into the longer term down move characterized by a series of lower tops and lower bottoms. Trend-line resistance comes in today around 13250 area. We are watching this area closely on a closing basis and could define the remainder of the quarter.
*Market Observations are NOT trading recommendations*
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