Woohoo
The momentum indicators here look very dicey having rolled over and kissed and all that sort of stuff although the US looks like it could add a few more up days if it wants.
WBC which hit its 0.618 bounce a while back still can't break it and looks to have given up.
A big surge up could change the whole picture but for the moment it looks like it is holding on by the skin of its teeth and about to let go.
How that all fits with higher targets up into Oct 15 I don't know.
I see that while Laundry still has his final top of Oct 15 he has ditched his Sep 16 mystery T for a top just shy of end of Sep.
Personally once we reach Sep 21 I feel it gets increasingly dangerous for bulls.
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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 |