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The index eventually experienced a dramatic comeback towards its higher end after two days of consolidation close to thelowerboundary of the current trading range. The bullish candlestick reversal configuration known as the homing pigeon formationisconfirmed by yesterday's price confirmation move, even though the price action is still constrained inside the wider 19560-19220range.Although both of its trend strength indicators have been hovering close to their respective overbought zones, no concretesignalsofweakening have emerged yet. It is good to take into account 19300 as a stop loss zone for momentum trades because thepatternbasefrom yesterday price action has been reaffirmed. A breakthrough over 19560 would, however, increase the strength for a consistentadvance in the direction of 19740 to 20150. Therefore, momentum traders may choose to reduce their long holdings if 19300isbrokenthroughout the course of the week. Aggressive leveraging should be avoided until a time and price correction is finishedor theindexbreaks out above 19560

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