ASI is showing strength! RSI trendline has broken. 8500 support will work in case of pull back. if not immediate resistance will 9150.
Currently market is running on the support of 200dma. however its important to take position in cautions until we make a higher high, to break of the market structure, which is currently bearish.
However RSI breakout will work as a short term bullish signal. Lets see how it plays out
Currently market is running on the support of 200dma. however its important to take position in cautions until we make a higher high, to break of the market structure, which is currently bearish.
However RSI breakout will work as a short term bullish signal. Lets see how it plays out