BUX
The correction phase has reached the upward trend line. In the coming days, the market will have to decide whether to break the upward trend or launch a minor upward wave along it. If the index closes around 118,750, that would be enough to break the trend. Even in the event of a rise, a new high is not expected; rather, a lower peak is anticipated. Above, the red trend line runs at the 128,125 level, where it may encounter stronger resistance. Below 118,750, 112,500 is the next support level in the event of a trend break.
Resistance levels: 128,125; 131,250; 134,375.
Support levels: 118,750; 112,500; 106,250; 100,000.
