TASI Technical OverviewPosted on Sunday, May 28 2017 at 5:04 am GMT+0000
Primary trending characteristics continues to be weak; therefore a confirmation of a support is needed before validating the next weekly buying signal. While the recent move below 6890 provided an early Daily top warning towards a return of Bearish pressure. Therefore a retest of previous lows at 6700 continues to be expected. With the medium term remaining Bearish, short term traders shall remain expectant for further declines and bear in mind that any break below 6820 could drive the market lower in the direction of the 6700 barrier.