A 20% and greater move to the downside could begin this week. - Daniel Mankani.

Last: 2708.50 ESU
Key Support: 2705 2680-2650.
Minor Supports: 2625.50 / 2556.50 / 2426.30 / 2325.00 / 2120.00

Expect Prices upside attempts to be capped below 2750 for a break below 2705 for 2680 region.
Major key support is around 2650. Bear Markets begin often with a downmove of 2% and above
and the way it looks such a move below 2650 confirms indeed.

Look to remain short against historical highs, sideways volatility is increasing which often leads to
bigger concluding days. The move down towards 2400 region is initial short term target.

In the longer term prices will return to the level since Trump Victory as markets often retrace
back to the beginning once the entire narrative has changed.

A 20% and greater move to the downside could begin this week. – Daniel Mankani.
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