Market is in retracement mood: on daily charts the trendline support has been broken at 4600.
Major supports on daily charts are:
DEMARK neutral to bearish.
Our trading system is short on daily time frame.
Update on weekly time frame.
Market very close to major weekly support set at 4420.
In case of break TODAY of this level we envisage a risk of a fast sell phase toward 4280 and eventually 4170.
DEMARK BEARISH on weekly time frame.
Anyway, if there is a break of 4400 area we signal a change in bull status to neutral in medium term: in this case long value short growth will accelerate its momentum.