TASI Technical Overview

TASI Technical Overview

Forthcoming advances.

The recent break above the weekly top at 6875 raised confidence for extended long term advances targeting at least the 7800 level. The recent move above the 7240 was the move that restored the short term Bullish outlook, signaling for larger Bullish implications targeting the 7380 area, and a break above that level could move the battle even higher towards the 7600 zone. Failure of the index to remain above the 7050 level could prompt an exit of the near-term longs, as such breakout would signal for extended declines.