It is over ….
Nifty has taken a U-turn as per the discussion in the 22 May 2018 post. The full STO crossover has again signalled the reversal and Nifty has given a sharp pullback in the last two days.
Nifty Weekly 27 May 2018
The weekly charts are bullish and broadly range bound between the yearly pivot and R1. The last few days pullback has negated the negative crossover in PPO. RSI (14) is still below its 5 ema, which I expect in the next week will turn positive. Nothing much to do in the middle of the range other than to play the strong sectors on the long side.