COOLING DOWN
The market was resisted near the 1,800-point area and pulled back. Liquidity increased compared to the previous session, indicating that supply has increased pressure as the market approached the resistance area; however, supportive cash flow is still making an effort to support the market.The current pullback signal reflects a market correction after a fairly rapid rally and approach to the 1,800-point area. This is a normal action to rebalance the market and attract more cash flow.
It is expected that the market will be supported at the 1,750-point area, the resistance level that the market just surpassed, and recover to continue the process of testing the supply pressure near the 1,800-point resistance area
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