Bollinger band reading : bullish but way overbought.
MACD Histrogram : continue higher, buyer fully loaded.
Support : 1280, 1275 level.
Resistant : 1300, 1309 level.
Comment :
Today daily candle closed way above the upper Bollinger band shows sign of a over extended rally with possible pullback correction take place anytime. Overall chart is extremely bullish but precaution measure(do not rush into position or over trade) should be taken at the junction. Thing is getting a little tougher to handle.
When to buy : buy at support/weakness/break up with larger cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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