Extension of weakness gives the extended opposite goals only
A low volume tough break-out of 50K certifies that the bulls are not yet in charge. Since the 23rd of August they have attempted 5 times to close the daily candles above 50K (the current pivot level) but managed to do that over this night only. Therefore, the correct thinking is that today we have seen another false break and what we are supposed to do so far is to make our goal downside corrected – from 37700 to 31600 or even lower - 29200. Alternatively, the complete revision of rise weakness in daily chart will confirm the further ascending tendency.