The continuation of the selling impulse appears likely in the very near term. That said, the next support is expected to turn up at the weekly low of 104.42 (September 11), ahead of the temporary 100-day SMA at 103.98.
So far, while above the key 200-day SMA, today at 103.51, the outlook for the index is expected to remain constructive.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.