TASI Technical OverviewPosted on Tuesday, November 28 2017 at 5:35 am GMT+0000
Remains under pressure.
The extended correction reaching right above the previous weekly bottom of 6710 has weakened the structure of the long term uptrend. With the medium term continuing to remain Bearish despite the recent reaction coming from the 6750 level, both long and medium term traders should remain neutral while waiting a clear daily reversal pattern before cancelling out any further decline. Prices are now testing the previous daily top of 7030, and downwards pressure can be restarted directing the market back towards previous lows.