𝐓𝐡𝐞 𝐊𝐒𝐄𝟏𝟎𝟎 𝐢𝐧𝐝𝐞𝐱 𝐢𝐬 𝐛𝐮𝐥𝐥𝐢𝐬𝐡𝐓𝐡𝐞 𝐊𝐒𝐄𝟏𝟎𝟎 𝐢𝐧𝐝𝐞𝐱 𝐢𝐬 𝐢𝐧 𝐛𝐮𝐥𝐥𝐢𝐬𝐡 𝐬𝐭𝐚𝐭𝐮𝐬 𝐧𝐨𝐭𝐡𝐢𝐧𝐠 𝐭𝐨 𝐰𝐨𝐫𝐫𝐲 𝐟𝐨𝐫 𝐦𝐞𝐝𝐢𝐮𝐦 𝐭𝐞𝐫𝐦 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨.
In short-term scenario (Q1-Q2, 2024) 𝐊𝐒𝐄 𝐢𝐧𝐝𝐞𝐱 𝐢𝐬 𝐢𝐧 𝐢𝐭𝐬 𝐂𝐑𝐓𝐈𝐂𝐀𝐋 𝐀𝐑𝐄𝐀, if it sustains above the critical area it will definitely go up towards the new all time high milestone.
𝐴𝑙𝑡ℎ𝑜𝑢𝑔ℎ 𝑖𝑡 ℎ𝑎𝑠 𝑓𝑢𝑙𝑓𝑖𝑙𝑙𝑒𝑑 𝑡ℎ𝑒 𝑚𝑖𝑛𝑖𝑚𝑢𝑚 𝑟𝑒𝑞𝑢𝑖𝑟𝑒𝑚𝑒𝑛𝑡 𝑓𝑜𝑟 𝑐𝑜𝑟𝑟𝑒𝑐𝑡𝑖𝑜𝑛 𝑖𝑛 𝑡𝑒𝑟𝑚𝑠 𝑜𝑓 𝑣𝑎𝑙𝑢𝑒 𝑎𝑠 𝑤𝑒𝑙𝑙 𝑎𝑠 𝑡𝑖𝑚𝑒, but if it could not sustain above the critical area, then it might 𝐠𝐨 𝐝𝐨𝐰𝐧 all the way between 𝟓𝟓𝐊 - 𝟓𝟕𝐊 or in more severe conditions 𝟓𝟏𝐊 - 𝟓𝟓𝐊.
In my view it would not go very deep down below 55K, however sustainability over critical area is very important.
I hope that the 𝒔𝒖𝒄𝒄𝒆𝒔𝒔𝒇𝒖𝒍 𝒅𝒆𝒗𝒆𝒍𝒐𝒑𝒎𝒆𝒏𝒕 𝒐𝒇 𝒏𝒆𝒘 𝒈𝒐𝒗𝒆𝒓𝒏𝒎𝒆𝒏𝒕 𝒊𝒏 𝒄𝒐𝒎𝒊𝒏𝒈 𝒅𝒂𝒚𝒔 𝒔𝒉𝒐𝒖𝒍𝒅 𝒔𝒖𝒑𝒑𝒐𝒓𝒕 𝒊𝒏𝒅𝒆𝒙 𝒖𝒑𝒘𝒂𝒓𝒅 𝒎𝒐𝒗𝒆𝒎𝒆𝒏𝒕.
Therefore, 𝒄𝒂𝒓𝒆𝒇𝒖𝒍 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕 𝒘𝒊𝒕𝒉 𝒑𝒓𝒐𝒑𝒆𝒓 𝒓𝒊𝒔𝒌 𝒎𝒂𝒏𝒂𝒈𝒆𝒎𝒆𝒏𝒕 𝒘𝒊𝒍𝒍 𝒃𝒆 𝒕𝒉𝒆 𝒌𝒆𝒚 𝒇𝒐𝒓 𝒔𝒖𝒄𝒄𝒆𝒔𝒔𝒇𝒖𝒍 𝒂𝒏𝒅 𝒑𝒓𝒐𝒇𝒊𝒕𝒂𝒃𝒍𝒆 𝒕𝒓𝒂𝒅𝒆𝒔.
