Monday, June 25, 2018
ASI - Must hold 6217, but only 3 points away!!!
ASI struggled till last Thursday the 21st instant. It reversed then and stayed above 6217. However the reversal is not very encouraging just yet. Until it is below 6217 points on closing basis, we need to wait. There are clear support areas below and Resistance levels above. Need to wait until the price line edge either way to confirm the direction. Until there is no trend direction change the index is bearish indeed. That is why it is important to see a close above 6217 to expect a confirmation of a reversal. That hasn't happened yet.
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