Low daily cycle within October 14th-20th.
Weekly low cycle within weeks ending october 14th-28th.
Market has generated a weekly sell signal.So there must be more downside room to go in the mid term.
In the monthlies it remains in a buy signal but it is trading below the 20 month MA which lies now at 20505 and much below the 8exp. MA which lies at 21680.
Monthly MACD positioned itseld below zero in September for the first time since October 2020 and as far as now in october is way down, below september numbers.
Lower monthly Bollinger Bands lie at 14800 area. And there is a monthly congestion zone of 4 months (Jan,Feb,March,April 2021) between 13000-14800 areas.
RSI4 Monthly, 27.96.
Nagual