MOVING FORWARD
The market continued its upward trend, and despite a cooling-off period during the session, it managed to hold onto high price levels by the end of trading. Liquidity decreased compared to the previous session, indicating that profit-taking supply is showing signs of cooling down after the strong contention in the 1,420 – 1,430 point area.This attempted rally could help the market continue to achieve new highs in the near future. However, it's expected that supply will increase again as the market approaches the next resistance areas, and the market's upward phase might halt if there's strong contention between supply and demand with a sudden surge in liquidity.
If the market breaks above the 1,450 point threshold, the next target will be the 1,480 point area.
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