On the 31st of May 2018, We discussed the ASI based on the Fib Extensions. We were expecting the Index to dip towards 6371 and below upto 6320. The image that was shared is given here:
The price line was above the light blue coloured channel. Now you can clearly see that the price line has come down into the channel as given in the image below.
We have seen on many Fridays that the ASI use to recover and close with a long tailed candle. It happened today too. That doesn't say that all is well with the index. Need to see the candle on Monday to close above today's with considerable change in the momentum. If not the dismal performance on the ASI will prevail for quite a while.
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