The index demonstrates weak dynamics, fluctuating near the previously reached historical high. There is still no clear impulse in either direction. Such uncertainty is likely to persist for some time.
The current movement structure continues to be viewed as the final wave 5 of the upward impulse. There is still some upward potential, but entering buy positions at current levels is not advisable due to the low risk-to-reward ratio.
At this stage, it is preferable to remain out of the market, exercising patience and waiting for a clear technical signal to enter a trade. This will help minimize risks and enhance the effectiveness of the future position.
Investment idea: FLAT.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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