The market responded to bad data as forecasted with sharp selling in the morning, but it managed to recover almost all losses by the end of the session. This is the same choppy behavior as we saw last week:
The market is still indecisive and going sideways. That is good unless the support at 3,800 fails and we crash. If this level holds, we may see a resumed buying and a new rally.
Tomorrow, we will probably see a choppy market which may finish down by the end of the day.
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