The index is near natural resistance (ca.39100). This area has been tested several times before (i.a.: 20th Nov and 10th Dec, 2009) and might be hard to pass.
Nevertheless, such forecasting has no value; we should remember we are still in primary uptrend, regardless of our emotions about current situation.
As for my setup, I have exited (or rather was shaken out) from most of my positions. I don't plan to enter the market anytime soon; however, it's unrelated to current technical setup.
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