The FKLI is consolidating around the 1570 level this week and it will separate the bulls and bears, with 1565 and 1575 as next major breakout point next week. So, it’s not encouraged for those who plan to have ‘SHORT’ position for long-term. In the other words, it’s also not advisable for those who plan to initiate ‘LONG’ position at this moment unless you want to take a risky step.
However, if you still unconscious then you can try to take risk by initiating ‘LONG’ position as I am in the positive view that the current market will not be easy to initiate short position. No matter what, once you initiate your ‘LONG’ position then you should remain holding the position and riding on the trend.