CONTENTION
The market's upward momentum slowed down at the 1,275 point area and saw a slight correction. Liquidity decreased compared to the previous session, indicating that cash flow is temporarily cautious after the market's relatively rapid upward movement; however, current supply pressure is also not creating significant pressure on the market.The current cooling down movement is normal activity after the market rapidly rose to the convergence area of the moving averages, the 1,263 – 1,273 point area, and has not yet caused a significant negative impact on the market.
The possibility of volatility and contention in this area may continue in the next trading session, but it is expected that the recent upward trend can still create supportive momentum and help the market move through the contention area in the near future.
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