ASI respected the RSI bullish divergence - Heading to test the 2017 low

As indicated on the 29th ultimo, the bullish divergence in the RSI prevailed. But before that the index retested the 2016 lows of 5800. The week finally closed 5883 points, 81 points above the 2016 low of 5802 points. Now we must see that the 2017 low of 5982 points being tested. The tricky part is the way the index moved in the last 3 days of the week. After hitting a low 5792 points, it reversed 91 points in 3 days, but without much trades. This is something that we have seen in the Market on many occasions. This fragility could make the market fluctuate by retesting 5800 area before it hits and test the 5968 area. That would also be healthy for a stronger recovery which needs to be watched.
We can't expect many participants to come in just yet, as a lot of them want to COPY CAT the big players. They think they would find fish in the shallow waters. Those who are bold enough are fishing in the deep sea, where you get the best catch.