A pullback on the cards?

As per my previous post, the market went and tested the previous level around 29900. It tested it again yesterday but couldn't break through and pulled back around 400 points this morning.

We think that the market will pull back a little before it goes up again. Taking profit around current levels could be a good idea. It looks like the market is losing momentum and will test the 200 day moving average again.

Volatility will start to pick up as we kick off the earnings season in the USA with Alcoa reporting not such great figures last night.

I think we could test 29000 on the ALSI quite soon.

Safe trading