TASI Technical OverviewPosted on Tuesday, November 21 2017 at 5:43 am GMT+0000
Testing previous weekly bottom.
Although the weekly charts continue to reveal a Bullish trend, the current correction extended lower and is now testing the previous weekly bottom at 6710. Hence long term traders continue to remain neutral while waiting to see whether that level will be strong enough to contain downwards pressure. They shall however bear in mind that below that level the long term outlook will start to look more neutral.