BUX
A break in the series of rising swing lows and highs may be imminent. If the index were to fall below 146,875, the upward trend that has been in place for several months could come to an end, and a correction phase could begin following a structural shift. The trend line has not yet reached the 146,875 level, but it is already approaching it. It may be wise to wait on the buy side, as there could be room for the correction to extend lower.
Resistance levels: 153,125; 156,250.
Support levels: 143,750; 140,625; 137,500; 134,375; 131,250.
