Saturday, July 21, 2018

ASI - Remember my chart on the 11th of July 2018, and how it looks like now

11th July Chart is below


How does it look like now


As you can see ASI hit the red line on the 18th and made a pullback to 6160, then continued to move up, and just closed above the red line. We will now see the ASI basing itself strongly at 6200. To do that it must move higher to test 6250. Then re-trace to 6200 area. If we see that pullback diving lower then 6160 to 6150 must hold. However it is clear that 6042 will not be re-visited by the ASI anytime soon.

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