We are watching for the support at 252.94 to hold or we will prepare for a __bearish turn__ for the market. Depending on the setup, depth of pullback, angle over the 1d to 1w setup, etc... we will be able to better determine the extent. While we __do not yet expect the market to turn bearish__ 252.94 is an early sign and 240.48 would confirm it.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.