ASI - Can it break the 9 EMA of the Monthly Chart???

Exponential Moving Average Line had been helping the traders to watch the movements of the ASI quite effectively in the Monthly Chart. If you had just followed that you would have succeeded most of the time. As we can see in the chart below the present value of the Monthly 9EMA is roughly 90 points above the ASI line. Sad to say that the momentum is still not suggesting the ASI to break out of that level. However with 90 points away, there is hope. Conversely the ASI broke below the 9EMA in May 2018. Values have recovered since then to come closer to the EMA line. Despite the lack of momentum it will be interesting to watch the behaviour.