CONTENTION
The market made an effort to hold the MA(20) area despite an intraday decline. Liquidity increased compared to the previous session, indicating that supply is increasing and putting pressure on the market, but supportive cash flow temporarily still made an effort to lift the market.The market continues the process of testing its ability to stabilize at the MA(20) area, but temporarily, supply is somewhat overshadowing cash flow. For the market to truly stabilize and have the momentum to return to an upward trend, cash flow needs to make a greater effort to absorb supply and help the market stabilize above its MA(20) line in the near future.
Conversely, if the supportive momentum of cash flow remains low and the market continues to lose the MA(20) area, the risk of further correction will increase.
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