Back in February this year the @anustrader tweeted this:

In March the @anustrader was very confident that we will reach 8k

As well in early May even when the index was down more than 1% in May 10

But now after we touched 8k things are looking pretty dreary…

Look it’s a possible triple top pattern…

We need to consolidate at these levels or bounce at around 7500 to continue and break 8k.

So far if ever we break 7500 and go below it, all hope isnt gone yet since there is still a possibility of a bounce from 6900 to 7k.

I am just posting this as a guide to our trading strategy. Though the index really won’t mirror the performance of the #ANUSPICKS but as the index stays on the red, it will surely affect the delay of the upward movement of some of our picks.