The above is the FKLI chart featuring consolidation through MACD. MACD made a downward cross on 23rd September attracting new short interest in the futures. However, this consolidation would consider healthy to cater for a rest in the market since the upward move begins for about a month ago of about 10% of index points.
Overall outlook for the index futures is of a mix of whether it is a mere consolidation or a potential top formed a week ago.
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