As mentioned in the monthly analysis, this index has a long term uptrend but currently in a range. The monthly analysis linked to this has the same idea. It is worth mentioning here in the Weekly chart that the Open of the current bar almost made a gap with the previous bar. This indicates that the market really wants to go up, but is now stuck at the resistance level. We need to wait for what will happen on the next bars.
Trade well.
Trade well.