Today's trend is yet another classic harvesting session — during the day, there was a rise to lure in buyers, and at night, a crash to wash them out. The bears were just invited out, and those who chased the rise were buried before they could even warm up. They completely treat retail investors as leeks to be harvested.
Currently, focus on the level of 118500 below. If it can hold steady, there is still hope for the bulls. The rebound target should initially be 125000, and don't be easily shaken out of your position. The market is now playing on emotions, maintaining a calm mindset is key.
