Pivot: 1422.00
Our preference: SHORT positions below 1422 with targets @ 1355 1334.
Alternative scenario: The upside penetration of 1422 will call for a rebound towards 1458 1478.
Comment: the immediate trend remains down and the momentum is strong.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
1478** Intraday resistance
1458** Intraday resistance
1422** Intraday pivot point
1380.9 Last
1355** Fib projection
1334** Fib projection
1307** Fib projection
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