Week end Analysis

In Life or in Football or in markets, You win if you are willing to die for it....go the extra mile.....take a loss...risk something.

Fight for those inches..Claw yourself into a winning position, inch by inch.
That is getting rich slowly.
So what you gonna do now..?
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Bull is reading it as a larger correction having ended @ 4786 and a new upmove is underway with short term in a corrective mode upto 5175 or 5100. Weekly Rsi should give some underlying strength/ weaknesses with 45 - 60 break out in the coming weeks.
Bear is confident of a top @ 5400 and the current upmove is only a corrective rally in an "abc' fashion ending @ 5367 and the second round of fall has commenced(first being 5400 to 4786).
Bulls want to close the month above 5285 to reverse the monthly TA. Bears would want to move below 5175 and then 5100.
Trader takes advantage of these large ranges to their advantage, fine tune their trading with shorter time frame TA and make some smart moves at the right time till the market makes up its mind and shows its hand .
If we count the move from 4786 as impulsive, the 4th down is on and as per EW rules it should not move into 1st wave which ended @ 5098. As per quantitative analysis, the 2nd wave correction was 137 & 181 points, hence a correction within 140-180 is acceptable within this uptrend from 5367 - upto 5230 to 5186.(averaging 5207, the last panic low)
Market has given us some excellent divergences to trade and we are getting closer to one such divergence in the making. A high is in @ 5367 and a low is expected @ 5185-5230 (Or is it made already..?) after which a new high with lower readings in the oscillators would give a perfect negative divergence trade like in the past two occasions. And this divergence should appear in the daily chart for more effectiveness.
Watch those foot ball matches...they teach you so much.