- Market is simply moving from one end of the range to another end there by trapping Bulls & Bears
- McClellan Summation Index also appears to be stuck in a range
- Earlier this month PPO touched +5 mark suggesting possible pullback which coincided with BULL trap as market made a fake break out above 11000 area trapping anyone expecting a major breakout.
- At present, MACD is flat and PPO is near zero
Remain vigilant and wait for market to provide direction...