FOREIGN SELLING PRESSURE
The market still struggles to conquer the previous peak area, around 1,306 points, remaining in a sideways trend within the red price area. Liquidity decreased compared to the previous session, but still remains at a relatively strong level, indicating that cash flow is cooling down in response to the lackluster performance of the global stock market, but there is still an effort to support the market when it pulls back.With supportive momentum from the 1,300 point area and end-of-session buying support, the market is expected to continue the process of testing the previous peak area around 1,306 points in the next trading session. If it can conquer this previous peak area and step above the 1,310 point level with strong liquidity, the market will have an opportunity to extend its uptrend.
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