SPI Update ... I'm thinking, since the XJO futures is mostly telling FIB's, that she might see a small rally tonight(like the US markets) so that she tests the 5820/30 range where a number Fib ranges come together. Now, there is a good chance that today's ASX timeframe high(5782.5) is closer to the mark as that was ever so close to the Lower tyne of the Pitchfork showing just as last night's low was ever so close to the -50% extn of the Pitchfork's base.
Regardless, at this stage I still favour "selling" rallies.
We shell see ...
XJO Weekend Charting and Chat - 09 Feb 2018, page-2
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Last
8,131.8 |
Change
-32.800(0.40%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,164.6 | 8,165.1 | 8,113.4 |
| XJO (ASX) Chart |