IXIC Update for week ending 23 August 2019

Week update for week ending 23 August 2019
In Bear territory.

Projected range for upcoming week 7913 - 7604
Price Projection:
HMA: Neutral Bear
Bull RSI: Neutral
Bear RSI: Neutral
BSI: Bullish"
5 RSI: Negative
Consolidation: In Consolidation between 7662 - 8325
Price-Trend: .6x ATR

Daily for 23 August 2019
In Bear territory.

Price Projection: 7555 - 7237
HMA: Neutral Bear
Bull RSI: Neutral
Bear RSI: Bearish
BSI: Bearish
5 RSI: Negative
Consolidation: Broken to the low
Price-Trend: 1.8x ATR

Spent the week neutral. The Weekly is still holding on to that neutrality within the consolidation range. Current strength is demonstrating a push through the floor toward a pocket of 7555 - 7237. Generally this pocket is formed due to the neutrality and can tighten if strength continues.