The weekly TopFinder curve has been at higher percentages, indicating a potential for upswing to run out of steam
The weekly support curve is around 1360 area
Looking at the daily frame
Index is testing the nearest uptrend line
I think 1400-1415 area is of importance for the upswing that started in June and failing that area might bring about or even confirm an intermediate downtrend
1460 area is nearest resistance
I personally would like a bit more weakness that would stay above 1400-1415 but last enough to drag some shorts to serve as fuel for the next rally -- I will be focusing on index behavior with respect to 1400-1415
I have been expecting an intermediate level low into October, I like index to stay weak and work on that low but do it above (or within) 1400-1415
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