IXIC Update for week ending 13 September 2019

Week update for week ending 13 September 2019
In Bull territory.

Projected range for upcoming week 8351.83 - 8001.56
Price Projection: 8421.74
HMA: Neutral Bull
Bull RSI: Bullish
Bear RSI: Neutral Bear
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 7662.9 - 8325.3
Price-Trend: 1.0x ATR

Daily for 13 September 2019
In Bull territory.

Price Projection: 8369.4
HMA: Strong Bull
Bull RSI: Bullish
Bear RSI: Neutral Bull
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 8165.5 - 8243.8
Price-Trend: 1.7x ATR


Comments: Be concerned about 8380. This can be a resistance zone and an area where the tide can turn back down. The way the strength is formed, we should blast this level apart. Yet, a warning still needs to be given.

** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **