WIDESPREAD GAINS
The market continued its upward trend and quickly surpassed the old peak of 1,536 points. Liquidity increased compared to the previous session, indicating that cash flow is actively engaged and spreading across various stock groups, while simultaneously absorbing profit-taking supply above the old peak.The signal of breaking above the 1,536-point resistance with good liquidity could create supportive momentum and help the market continue to extend its upward phase in the near future.
It's expected that profit-taking supply will increase and cause contention with cash flow as the market reaches new highs, but the market's upward momentum may only halt when this contention escalates to a climax.
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