41K invalidation point

Morning folks,

So, last setup is done nice, but I suspect that it was driven by capitals flow as of Russian oligarchs as EU investors that are rebalancing assets and moving some out of the EU. It is interesting now, for how long this flow will last.
But, this is different topic...

In short term, market has great upside momentum, and technically it is difficult to think about short positions, although not impossible. For the long entry we suggest 41K area might be interesting as strong support and the neckline of our H&S pattern. Market has to stay above it to keep going higher. Additionally, you could use Stop "buy" order instead, somewhere around 45.5K area. Next target is 46.7-47K area.