Three-Week Selloff Pushes TASI to 11,000

TASI continued its downward momentum, dropping more than 1.5% and ending the week slightly above the 11,000 level.

This level is likely to provide short-term support, as there’s a visible gap in this zone. However, if the index breaks below this support, the next 500-point drop could come very quickly.

As of now, there are no bullish price action signals that indicate a potential trend reversal. The broader structure still looks bearish.

Trading Insight:

Traders should remain cautious and wait for clear price action before initiating fresh positions.