Near Term Trend: Neutral
Monday’s Settlement: 2965 (- 1)
UPDATE: For the last 22 weeks 3010 (our proprietary black resistance neck- line) has acted as the key upside pivot, and price action remained under that point (on a close basis) for this entire period. 3010 remained the pivot between a bullish and bearish market, and worked like magic, providing resistance to the tick.
Near term the bounce post the Brexit dip continues to hold and stabilize the Index.
Wide gap formed end of June is now closed. This could mean some selling pressure is forthcoming.