Wednesday was the second consecutive sideways consolidation day, but it may be ready to trend again, either trending up or trending down.
Key level to watch on Thursday is 2840 resistance and 2820 support.
-- A clear and sustained break out above 2840 could trigger a short-covering rally, with the next resistance at 2759.
-- A clear and sustained break below 2820 could trigegr a long-covering decline, with support at 2805-2810, then 2780-2785
-- Failure to breakout and stay out fot he range 2820 - 2840 implies continual sideways consolidation.
