HEADING TOWARDS THE 1,500 POINT AREA
The market continued its upward trend, surpassing the 1,480 point resistance area. Liquidity increased compared to the previous session, indicating that cash flow is actively absorbing profit-taking supply and helping to spread gains across the market.The signal of breaking above the 1,480 point resistance gives the market an additional opportunity to extend its upward trend. However, the market has now approached the psychological resistance area of 1,500 points, which could trigger short-term profit-taking supply.
It's expected that the market will experience strong contention around the 1,500 point mark, and the supply-demand signals in this area will influence the market's next move.
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