Even I'm feeling bullish, so the market must be near a top!
I actually went long yesterday, the pattern looks like we are about to rally again.
Looking at the weekly chart, the DOW topped at 14,200.
The low for the DOW came in at 6480.
The DOW has broken through the 50% Fib level at 10,344.
Next Fib level for the DOW is 11,250 which is 8% away from here.
If XJO is to correlate 100% then we might be headed for 5200 which looks like resistance to me.
Let's run with the bulls.
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Last
8,561.8 |
Change
-68.500(0.79%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,630.3 | 8,630.3 | 8,544.7 |
| XJO (ASX) Chart |