My pivot point is at 2169.
Preference: the upside prevails as long as 2169 is support.

Alternative scenario: the downside breakout of 2169 would call for 2124 and 2097. The RSI is above 70. It could mean either that the index is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case).

The MACD is above its signal line and positive. The configuration is positive. The index is trading above both its 20 and 50 day MA (standing respectively at 2121.32 and 2083.27). The MerVal index is currently trading near its 52 week high reached at 2225.56 on 22/02/07.

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