Thursday, January 24, 2019
Easy to Track ASI's direction
ASI just got above a critical descending line that has been a pivot on 14 times since June of 2017. Below the present close lays a support that had tested on three occasions at 5920, whilst at the top we see 6069 at a triple top. This shows that the index is trending in a rather solid channel between these 2 lines. Now that we have closed a touch above 5920 we need to see how best the bulls could take it up to test the triple top line, which just 80 points away. Present close of the ASI is 5960.
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