TASI Technical OverviewPosted on Sunday, April 30 2017 at 5:19 am GMT+0000
Signs of support.
With the long term continuing to represent weak Bullish outlooks for now, trading scenarios are expected to remain on hold until the weekly timeframe can develop stronger trending characteristics. And the daily chart is still revealing a weak Bullish structure, a confirmation of a strong support is needed before preparing the next directional signal. Only an immediate move above the 7020 intraday pivot could confirm the strength of a daily bottom at 6880, and thereby trigger an extended rally. At the other side, any further break below 6890 could cancel all Bullish scenarios and target a further decline.