BUX
Following a minor pullback, the index resumed its advance, leaving the primary uptrend intact. A more meaningful correction would become likely only if the thin green ascending trendline is violated. This trendline is currently located near the 143,750 level. For now, caution appears warranted on the buy side, as the current technical picture does not offer an attractive risk-reward profile for initiating new long positions.
Resistance levels: 153,125; 156,250.
Support levels: 143,750; 140,625; 137,500; 134,375; 131,250.
