Heading to the daily 50 (6000)Two days with a devastating selloff at the close, a clear sign that the index is not yet ready to position itself above 6100.
The first short-term light blue support was broken at Friday's close, and now the index will move towards the underlying support indicated by the blue trendline, where the daily SMA50 also passes through near 6000 points .
Holding this support will initiate a new attempt to break 6100.
Conquering 6100 is an important phase that will start a new bullish cycle and subsequently act as strong support. The breakout must occur with strength and large volumes.