The CABLE confirmed also yesterday a weak closing below the low of the previous session confirming we have a top at 1,6167.
The indicators of the daily chart are still well positive but also showing a potential negative reversal situation. Those of the s/t ones are instead mixed this morning suggesting further consolidation/ correction.
The move up we are seeing that already broke above the 200 hours line at 1,6012 should be corrective and a selling opportunity especially in case of a 1,6100 overshooting, that at this point we see well possible.
We remain on the sideline.
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FUTURE TREND RESEARCH