The index continues to consolidate just below the record high, having gained a remarkable 16% in almost seven weeks.So far there is little sign of any pullback materializing, though it would take less than a 4% drop to return to 36,000. Initial support could be found around 36,954, the previous high.
All eyes are now on whether the index can, from its overstretched position, succeed in building a seasonal ‘Santa Rally’.
