One weekly gap filled just before the top and one to go just below todays lows [so far ]
I posted a likely target for a Nov low last week on xjo but am not confident in the numbers as the ranges are not perfect or the time taken either . I can't find any logical fit for xjo /spi November lows but it could be a percentage of the prev bars move or even on the yearly move , just not sure .
Thought it worth pointing out the weekly gap up on spi as today was 1 point above the top of the gap .
The market becomes hard when we keep front running the yanks like recent lows and previous tops . Logic whether fuzzy or for real then implies a pull back in yanks from these heights means they will switch back to buying Aussie stocks on weakness .
I had Nov pegged for a red month as drawn in my charts posts [not in this forum ] but what I thought would happen with a few tiddlers is NOT happening . Xjo mirror target is around 5376 . Fridays sell off into the mirror pattern went pear shaped when it reversed 2 points off the target and didn't see that coming as was expecting a big red candle as drawn .
If the mirror continues [mirrors aren't perfect] xjo finishes with a doji style green week so trade it at ones peril . spi weekly gap below and note the highs at 5670 were infact Sept contract highs not Decembers highs .
