pc43
i've been saying for a while that i think we're heading lower in may. the question in my mind is how low do we go.
others may disagree - but my read of the weekly is that the low has to be either a higher low or a crash low for the market to advance.
given that the market failed to make much ground in the recent rally doesn't fill me with much hope of seeing a higher low.
there's now a bunch of resistance just above where the spx is currently trading - despite what the max. pain calculator is saying, i'd be surprised to see 1350 come options expiry.
time will tell.
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Last
8,639.0 |
Change
77.200(0.90%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,561.8 | 8,641.3 | 8,561.8 |
| XJO (ASX) Chart |