We saw gap up today and good up momentum for first 15-20 minutes. Sell triggered as soon as market touches all time high till 41200.
41200 is a good support at 15 minutes timeframe. Seems like flag is forming and breakout can lead to all time high again or new high. On opposite side a good channel support at 40800 is available in 1 hour timeframe.
I feel like market is still under bulls. Some consolidation will confirm it anyway be prepared for either side.
Always trade carefully because it’s your hard earned money.
Please note this is just my observation only and consult with your financial advisor before taking any trade.