In this post I am analyzing the hourly and daily charts for SSEC. It looks like SSEC has completed minor 5 waves from the bottom at 2851 on 26th August up to recent top at 3256 made on 9th September. The index is currently retracing this impulse move. If this analysis is correct, prices are likely to move up without breaking the low of 26th August.
On the daily chart below, it is possible that entire move starting from the top at 5178 on 12 June 2015 may have been completed at the recent low of 2851 (c is 61.8% of a).
Going ahead there are numerous possibilities. But short term it looks like SSEC is presenting a buying opportunity on dips.
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