TASI Technical OverviewPosted on Sunday, March 26 2017 at 5:43 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 a strong bottom confirmation before they can trust the prevailing uptrend. While bias in the medium term remains Bearish preventing any trading scenarios. At current time, only an immediate break above the 6970 would act as trigger for medium term traders. Such move would correspondingly confirm forthcoming higher highs on the hourly charts.