Estimo que todavía debería entretenerse algo más en esta zona 9500-10500 antes de formar un techo definitivo. La zona de soporte parece clara 9550-9225, dejando aparte violaciones puntuales por volatilidad.
In previous posts I have already published my preferred long term count for this index. Now it is time to rewiew it and take a look at the last weekly candles it has set.
As you can see in the chart below, I am expecting a second upwards leg to complete an abc pattern from the 2011 lows.
click to enlarge
The price has been lately contained by the resistance level set with the last weekly gap still open at the 81.40 mark, which strongly rejected it two weeks ago with a powerful black candle. But this week it has developed an engulfing bullish candle that has left it knocking at the door of that level again. I believe that the resistance will be broken sooner than later, and that will be the confirming signal of a presumably strong 3rd wave of the expected upward leg.