WEAKENING MOMENTUM
The market continued cautious price action and pulled back below the 1,650 point area. Liquidity increased slightly compared to the previous session, indicating that supply is showing signs of increasing but is mostly due to ETF restructuring activities and is temporarily still not putting excessive pressure on the market.Although market action remains cautious and gradually moving downward, overall, supply pressure is not excessively large, and the market has also pulled back near the 1,620 point area, the support zone that helped prop up the market during the last 2 recovery phases. It is expected that the market will continue to be supported when pulling back near the 1,620 point area and recover to continue the process of testing supply ahead of the MA(20) area.
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