XJO Weekend Charting and Chat, page-2

Wassup, thanks for posting the weekly chart of the XJO since the GFC. Clearly this last 3 months have been the longest narrow trading range for at least 10 years. Also the video clip of Dire Straits is made to measure for the recent stagnation.
I would not put money on calling the predicted next direction after the sideways business comes to an end. If the US indices remain bullish then I cannot see a break to the downside in our market. The big banks will be bought for yield if they decline 2 or more percent from current pricing, and that on its own could prolong the current "nothing to see here" XJO price (or lack of) movement. Testing one's patience is a game I don't like.