07 July 2016 at 9:29 GMT
We cited 8519 as an early support level to clients yesterday and it held really well. We posted a "Hammer" candlestick on the 30 minute chart and subsequently rallied to a high of 8613 overnight before finding sellers. We have done the same thing this morning: Sold off to 8519 and posted a Hammer. I'm long on this basis (boug 8533), looking for a move back to 8610 by the end of the day. Stop below yesterday's low (8507).