From your daily chart of the XJO there were 13 consecutive sessions commenced in mid September where the candles were intersecting the 200 MA line, this time only a few. Much more damage to investor's confidence has occurred now, suggesting to me that the XJO is not yet ready for a significant bounce upwards. However if the US resumes the January bull pattern this week, the XJO may spend only little time going sideways near the 200 MA.
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- XJO Weekend Charting and Chat - 09 Feb 2018
XJO Weekend Charting and Chat - 09 Feb 2018, page-12
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