Following the impulsion at the beginning of december, the index is now consolidating its recent uptrend. Since beginning of December, after exiting a 4 month old canal, the impulsion led the index to multiple new highs. However, if the price kept going higher, the current uptrend is weakened by a divergence since mid december and visible on three main indicators (RSI, Momentum and MACD). It is very much a short term worry though as this doesn't appear on the weekly data of the index. - On a short term point of view, holders can keep their long position although others would wait for a more affordable price. - Mid to long term investors would use the same pivot prices to enter the market or not. For those already long, there is no clear indication to close a long position now and even less to open a short one. - The divergence would be totalled by a break above the recent high at 4929.6. That would be a significant buy signal. - On the contrary, a break below the support at 4822.29 would generate a short term sell signal.