CORRECTIVE PRESSURE
The market remains cautious ahead of the 1,900-point zone, the upper boundary of the Medium – Long term uptrend channel, and has slipped below the MA(10) line. Liquidity decreased compared to the previous session, indicating that supportive cash flow is acting cautiously and waiting to observe the market.The signal of falling below the MA(10) shows that the market is temporarily imbalanced and the corrective phase has not yet ended. It is likely that the market will face downward pressure as it enters the new trading week to search for a support zone before rebalancing. The next support zone is the MA(20) area, around 1,840 – 1,850 points. The market is expected to receive support upon retreating near this zone and recover due to the impact of the previously established uptrend.
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