Trading within a Corrective Channel formation.
Bespoke resistance is located at 12300.
There is scope for mild buying at the open but gains should be limited.
Broken out of the formation to the downside.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.
Target 1: 12240
Target 2: 12135
The move to 12405 triggered our short trade
Updated: 2019-07-23 08:24:29