How one reacts if the best crumbles first. That is the impression one gets when this one cracks.
True, it moves from extremes without warning, true the base is increasing. The fall of PSU shares, the one-off rise in some not the whole is cause for worry or an opportunity knocking one's doors.
Clearly for those with longer horizon the opportunity, for those leveraged one's not.
Worse when the broader market cracks, the profit taking can trigger all over. No exceptions come.
This is a different frame and we see the evening star, we did see the dark clouds in another frame.
The green line is the one to watch for.
Suffice to say 50000-52000 range, on the big picture and on the small picture 50300-51300?