The chart looks good on daily time frame
The volumes are building up,the RSI is showing good strength,the pattern forming on chart is rounding bottom.Tje price needs to cross and sustain over 2400 for further movement.
If you study the option chain you will notice that 2400 call has massive writing means people are short on 2400 call if the price stays above 2400 the shorters will be trapped and try to cover their shorts which will lead to short covering and good movement in price
