ASI - Survived to hold above 50% Fib Ret, but weekly is weak

ASI - RSI was below 20 points, but many other indicators turning their curves, signaled a tend reversal very soon (refer my post dated 23.08.2017). So the ASI survived to hold above an important support area of 6367 which is the 50% Fibonacci retracement  line plotted from the present low to the present high. Whilst that is a good development based on the Daily chart, suggesting a nice environment in the short term, the weekly chart is still in a consolidation and a recovery. Nevertheless the market now has room for a busy period in the days ahead.

Trade volumes your maturity can tolerate, else do not blame no one but you......