LOSS OF BALANCE
The market continued to weaken and the rate of decline accelerated, an action that pushed the market back to the weekly MA(20) area, around the 1,599 point area. Liquidity increased compared to the previous session but remained lower than the 20-session average, indicating that supportive cash flow is still quite weak while supply pressure increased and put significant stress on the market.The market continued to lose the 1,620 – 1,640 point support area and is putting heavy pressure on the weekly MA(20) area, while the risk of further decline remains inherent.
However, the market is also approaching the MA(100) area, the 1,590 point area, and the weekly MA(20) area has not completely fallen, so it is likely that the market will experience a strong tug-of-war action in the 1,590 – 1,610 point area in the next trading session.
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