Since the recent rally, the index has consolidated back towards the support at 98, given by the 200-day SMA.
Longer-term, a fall below 98, the 200-day SMA may trigger a decline towards 93.
Longer-term, a fall below 98, the 200-day SMA may trigger a decline towards 93.
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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.