As you can see on the monthly time frame the index is consolidating in a narrow range of distribution. Also, you can see the triple divergence on RSI (monthly timeframe). The five waves of Elliott also have finished.
Fundamentally, Russian aggression in Ukraine can probably provoke a supply crisis in the whole world. In the worst case, this conflict can go out of Ukraine. No good news dear reader, but this is a reality and all we can do is to accept it.
If you have something to write about this idea, do not hesitate to do this. Stay safe! Bye!