The 6,600 mark continued to be a key level for the market, now acting as a resistance.
For the second straight week, the market closed below its 200-day MA.
ADX is currently at 35.7, signaling that the bearish trend has shown strength.
We reiterate our call to wait for a proper reversal before entering. Accumulate should the market break above 6,900 with significant volume since that signals a possible reversal.
Next support levels are 6,400 and 6,180.