EXHAUSTION
The market experienced a recovery and tested the 1,818 – 1,850 range during the trading session but recorded signs of exhaustion toward the end of the day. Liquidity decreased compared to the previous session, indicating that the support efforts from cash flow were insufficient to overwhelm the supply.The slight decline below the 1,818 zone, the convergence area of the MA(20) and MA(50) lines, warns of a market imbalance. However, the possibility of continuing to test supporting cash flow above the 1,818 level may still emerge in the next trading session.
If supporting cash flow does not improve and falters against supply during this testing process, the risk of an extended market correction will increase.
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