A second consolidation day on Tuesday with short-covering rally in the morning that was reversed, making Tuesday a doji day as seen on the daily chart.
If pullback is complete we could see the market resume its downtrend on Wednesday. Some large funds could use the result of the US presidential election as an excuse to trigger a huge buy or sell programs, so we must watch the key level very closely on Wednesday.
Key Level For Wednesday is 2675.
--- Below 2675 is bearish and could imply the beginning of the resumption of daily downtrend, next target is a re-test of Friday low.
--- Bullish above 2675, implies more short-covering, with the next resistance at 2705.
US Presidential Election Result Could be Key for the market direction Going Forward
