Uptrend of the index and a deeper correction to the horizontal support. Sold market. The price consolidation between 4372 – 4274 is no longer valid. There is a break above 4372, which changes everything. The correction is terminated, a bullish signal with a likely target of 4433.
The light correction yesterday and this morning, gives us good places for long with a close stop 4339
The index is in long formation, the correction is deep. The break above 4372 gives us a reason to believe that the negative moods are neutralized current levels are suitable for long positions. That what can influence the market today, is the economic data for the production, so some traders may wait for the news.