TASI Technical Overview

TASI Technical Overview

Posted on Thursday, September 29 2016 at 4:28 am GMT+0000

Testing 5350.

Considering the prevailing trend characteristics, both long and medium term traders shall remain neutral for the moment, and wait patiently for bullish reversal signs before attempting to acquire any new long positions. In the short term the last dip below the 5850 suggested an ease in the downside speed, and providing the strong near term bias conditions, traders shall monitor for the completion of any reversal form before taking any new market entry decisions.

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