I'm serious
I expected 14.6 xvi to hit this week (blue arrow gap to close)
We were so close
Instead it peaked Monday & has been grinding down all week as the index grinds lower
Everything that's being sold is being absorbed (usually at the open & then suppression for the rest of the session)
So if it can't get to 14.6 by tomo, not only will we get back to 7550, there's a chance we go higher
Bears own the hrly chart & the selling is similar to march
The only difference is it's being absorbed
(Maybe they forgot to switch their algorithms back to normal. Haha)
Bulls in place ready to pounce as soon as bears give up or run out of ammo
If that xvi continues to fall into may, how long before bears say "shit, we're in trouble"
They will need to fabricate another black swan event to get out of this again
Or make sure they have deep pockets to withstand the drawdown![]()
- Forums
- ASX - By Stock
- XJO
- Indices 24/4
Indices 24/4, page-74
-
- There are more pages in this discussion • 64 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
7,713.4 |
Change
-54.100(0.70%) |
Mkt cap ! n/a |
Open | High | Low |
7,767.5 | 7,767.5 | 7,710.3 |
Featured News
XJO (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online