As you can see from the chart, the first 3 days were almost a straight line up. Each day gain was more than 2 points, with the 3rd day more than 3 points!
This week is a rare strong week for K200. If not for the S&P500 2% drop, it might went up even higher. In fact, the drop following S&P500 2% dop is only mere 0.55% drop.
In last week post, I mentioned that K200 has room to go towards 267-268. It not only shot past 267-268, it even break the high October 2013. It in fact end exactly at 272.83 as April 2012. This seems to be a strong resistance. If this is broken, then K200 will be heading to 295!
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