XJO 0.41% 7,769.0 s&p/asx 200

Noodle Friday, page-3

  1. V*
    5,154 Posts.
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    Love your music selections
    I feel critical support is just below, at 5600ish.
    Depending on what it does there dictates my current feelings on going long or short next.



    I will be extremely surprised if we see a green day tomorrow.
    Today's candle seems to be a complete rejection of it's highs, and a bees wang below yesterday's close.
    It is XJO's lowest close since 21-Dec-2016.
    If it had closed half way up the mast on today's candle I would have given it a chance but I'm all bear for tomorrow's action now.

    I honestly thought the bullishness we saw Monday was so strong it might take us back up the top of the range, but I guess that was meant to impress and suck a few people in at going long.

    I am playing a couple of ASX stocks currently, though could/should be timing entry once ASX decides to turn up instead.
    Left the gold almost 2 weeks ago, that fail to hold around 1300 was quite poor in my books, and FED talking up interest rates, well, let's say I'm just not in bull camp anymore for US POG (and the goldies), even though it is approaching oversold on daily RSI now, still not feeling any desire to play that for now...
    Last edited by V*: 05/10/17
 
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