Market commentary 2026/10/28: A new accumulation phase?

The market has traded within a narrow range over the past three sessions, accompanied by declining liquidity, suggesting that neither buying nor selling pressure has established a clear advantage. This reflects cautious sentiment and a slowdown in capital flows following the previous recovery. However, as selling pressure has yet to intensify significantly, the market may be entering a short-term consolidation phase while seeking fresh momentum for its next directional move.