chart daily, page-44

ASX200 is showing 80% chance corrective pattern since the March low. It's been a tussle between bulls and bears over the last month and abit but I think going forward into June there is much more risk of downside.

The move up since early May doesn't look complete yet but I'm not sure if that's incompleteness or weakness.

Have also tried very hard to be bullish so I can layer into some small cap names but as more price action is revealed it's definitely favouring more downside unfortunately. US markets are getting way over extended too with underlying breadth not supporting higher price levels.



BIT is still worth a hold but I think 8's are better accumulation levels. All depends how much liquidity is in the markets 'if' above unfolds. But I don't expect it to break the March lows.