During the weekend, the index only filled up the wick. This doesn't indicate a lot of power of the bulls.
The level where the index is at this moment is critical. From a bearish point of view, this could very well be the shoulder level of a head and shoulder pattern.
Continue to act with caution : we are still in a bearish trend. If somewhere down the line there is a lack of confidence in the market, price may reverse quickly. Remark : the index did not correct the one impulsive bearish candle yet, not even after 14 days. Bulls try, but are not convincing yet.
