agreed on the weekly indicators. however, a period of consolidation / range bound trading is all that is needed to resolve the weekly. rsi on the weekly suggests that last night could have been the high.
price meet target on my pitchfork last night as well.
next weekly resistance suggests that 1000 odd on the spx may be possible, although, i do favour downside from here.
i'm guessing the market will try to fool the major for a while before decisively taking its next move.
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Last
8,630.3 |
Change
59.900(0.70%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,570.4 | 8,632.8 | 8,570.4 |
| XJO (ASX) Chart |