ASI
DTF
Another red session for the ASI, closing down 0.06% at 194,370.2 points, with WTD performance now at -0.32%. While some are quick to label this a bear market, that conclusion is premature. What we are witnessing is an overdue and healthy correction following the recent ATH of 197,327.6 points.
Technically, market structure remains intact. The broader uptrend has not been broken. I anticipate a pullback toward the 189,160.6 – 190,700.8 demand zone on the daily timeframe, where bulls are likely to defend aggressively. A breakdown below that region could bring 180,000 points into focus,