- Daily has closed above the trading band of 1150 - 1160.
- Trading well above 10 day moving average.
- Weekly chart is also looking bullish after the successful break of 1150 resistance level. Closing too is near the high of the week giving optimism for the bulls.
- Next likely target for this index is 1210 there will be some resistance near 1170 levels.
- BROADENING PATTERN OF S&P 500
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