IMO we have entered a correction/consolidation phase here.
After perusing my charts, what would make me very afraid is a sharp rally into new highs into June 4th.
No one especially me expects any serious problems yet, but that sort of action would look critical to a downside plunge.
A plunge in June seems strange, but with June 4th being 90 cal days from low, a very sharp/strong move up into that date with a large SPI premium would be ringing the bell for a monster June selloff.
Can't see it happening but if it does, I will bet the farm.
so where is the market heading, page-9
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7,889.6 |
Change
72.800(0.93%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,816.8 | 7,902.6 | 7,816.8 |
| XJO (ASX) Chart |