" However, today's Inside day shows the bulls have already exhausted themselves and the upside momentum has waned " . Well the exhausted bulls got a good bear hug today and fell below the neckline of the head and shoulder pattern. The technicals were saying it all and thats what is so good about technicals.
Targets for the fall should now be 4910 as per the head and shoulder pattern. The bear flag gives a target of 5010. Improtant supports are marked on the charts.
Half Hourly Chart
Half hourly charts showing positive divergence. Strong supports at 5348-5335 may give rise to a bounce before resuming the fall.
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