After ABC correction pattern ending and usual buying in direction of original trend on Friday, todays lack of decision and price hesitating under the trend line, it looks possible that a move down is on the cards. The 15SMA and 5EMA have crossed and price has returned to the 15SMA but not closed over it. The momentum and MACD indicators are all showing correct alignment for bearish action. I think a move down from here is likely. I am not trading this Index because of the margin required. I am however trading the identical move on the US500 Index.
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