...JD.....both S&P and probably more importantly the DOW has was stopped last night by the 61.8% retrace Jan highs to low ...so a good place to reverse....downward trendline resistance is still overhead... but momentum can still go further...macd is kissing up
is bad news now good news?...maybe we need the weekend to cool our heels
looking ahead, I'm thinking now when we do turn we must go down into the 17-20th April period.....I have calculated that the Jan high 944 will meet the 200dma on about the 1st may - .....if that 17-20 april reporting period surpasses expectations then a big run at 944 ....this will be the battle Royale
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |