#Alsi - Index Weekly

If you've been wondering why the #ALSI has been trading like a yo-yo in the last few sessions, one needs to zoom out and get a better picture of what's happening.

We currently range bound in a consolidation that dates back to mid-April giving many short-term opportunities for traders. The last few weeks we have printed several 'spinning top' candles indicating the tug-o-war between the bulls & bears.

This is likely to continue until the range indicated is broken with a weekly close above or below in which case one can expect a new leg/rally.