BEL20 is hovering around the 200 Moving Average. Selling pressure down to support at around 3,676, maybe dipping down to 3,650 could be seen. However, RSI is still showing positive sentiment.
If closing below 3,676 the selling pressure could push BEL20 Index to the 0.618 retracement at 3,614.
If that plays out key question is whether RSI will close below 40 threshold or bounce off it. If RSI is closing below 40 threshold BEL20 could experience at sell off down to 3,550-3,500
A bounce to close the gap up to 3,761 is likely to resume the uptrend