CAUTIOUS PRICE ACTION
The market continued its pullback after showing a loss of momentum near the previous peak area, at 1,700 points. Liquidity decreased compared to the previous session, indicating that supportive cash flow is gradually decreasing but supply has not yet put significant pressure as the market pulls back.The pullback signal shows that the market is being cautious before the previous peak area. It's expected that the market will still face pullback pressure in the next trading session and will retest the MA(20) area, at 1,660 points. This area temporarily still has a supportive effect on the market.
For the market to truly stabilize and have the momentum to return to an upward trend, cash flow needs to make an effort to absorb supply and help the market maintain stability above the MA(20) line in the near future.
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