Setup still holds

Morning everybody,

In general our former setup is still valid, although it is interesting how GDP report today will impact on it. We still consider 28-28.25K area as interesting for taking long position, stop supposedly should be below 27K Fib support level.
27-29K is an area that vital to medium-term perspective and there is an opinion on the market that institutional investors will protect it, accumulating positions. We will see.

As a potential upside target we consider at least 36-37K area, as we also have B&B Buy DiNapoli setup on weekly chart. Of course big black nasty candle should tell you to stay aside - we do not want this type of action when we intend to go long. Only gradual shape is acceptable.

Let's see, how it will turn.