XJO up modestly +0.2%
The XJO has been in a short term down trend. It’s set up for a rebound. Although today was up modestly, the intra-day action was bullish. Down early then up. In the middle of the day a poor report came out about Chinese Manufacturing – but the market shrugged its shoulders.
Let’s see how far the rebound goes. There’s resistance from the high of the Santa Rally not too far away. That will be a test of this market’s strength.
Redbacka
'mission statement' - monday, page-19
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Last
8,226.3 |
Change
26.800(0.33%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,199.5 | 8,231.0 | 8,150.1 |
| XJO (ASX) Chart |