The trend is extremely bearish bias and this week ended with a strong bear candle erased the last week gains. MACD histogram forms the 16th bar above zero. This week the market close at 2823.

The market pullback from high and rebound strongly during the last trading day of the week. The candle pattern for last 2 days of trading is a bullish harami, the bull might be fighting back or this is merely a rebound from low before going lower?

In either scenario, no signal identified this week but MA lines moving closer together. We expect Short signal might come next week.

TKM v1.2 will continue to monitor for the new signal.