I have underestimated the power of bears. We can see the close in red today and bulls have to postpone their re-visit to [1422-1428].
Yesterday was a perfect action of buy on dips to show the bull-market is healthy. All those who scared and ran away from the dips for the first 35min would have a big regret. My bullish target zone [1422-1428] got an early try at 1422.38.
We may see some kind of spook game at open today, however I expect that bulls will do what they need to do to retest the target zone [1422-1428].
What next if we see a retest of the target [1422-1428]?
I think the profit lock in would represent a notable pressure on the momentum of the market and I expect to see a small chance for nimble bears and a bigger chance for bulls.