TASI Technical OverviewPosted on Sunday, March 19 2017 at 5:46 am GMT+0000
Although the long term outlook remains Bullish, trend indicators point towards weakness in the uptrend. Hence, long term traders shall remain neutral for the meantime, and wait to see whether the Bulls are strong enough to restart an attempt to cross the 7240 level. While the recent medium term rally shall be treated as a corrective phase. And as a result both medium and short term traders shall remain on the sidelines for the current time, waiting for a clear Bullish reversal to develop before preparing to acquire any new longs.