TASI Technical OverviewPosted on Sunday, April 2 2017 at 4:55 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 support confirmation before they can trust the prevailing uptrend. Moving to the medium term, the daily bottom confirmation at 6810 followed by a break above 6970 raised confidence in the Bulls ability to continue pushing the market higher. That breakout acted also as trigger for short term scenarios, with targets outlined at 7050 and 7180.