Outlook: Cautiously Bullish
Time Horizon: 1 Day
- US yields declined as markets entered holiday-thinned trading conditions.
- The move appears driven by cooling inflation expectations alongside incremental liquidity support from the US Treasury and Federal Reserve.
- Notably, yields had risen for two consecutive sessions following the inflation release, suggesting residual inflation sensitivity before the recent pullback.
Technical Outlook
- Price remains anchored between the lower and median prongs of the hourly pitchfork.
- Index has cleared R1, reinforcing short-term bullish structure.
- RSI sits at 58, below its moving average, indicating momentum remains constructive but not overextended.
- MACD reflects mild selling pressure, consistent with post-rally digestion.
Key Levels:
Support: 6,762.3 | Resistance: 6,915.6
Investor Takeaway:
Holiday liquidity and falling yields are supportive, but momentum remains controlled. A sustained break above resistance would be required to confirm continuation.
