Morning folks,
Well, well, well, the games the bigboys play eh? Major stop busting at 1116 on the sp500 last night by the looks, took the market down exactly to the lower edge of the wedge and then straight back up again. Weekly MACD looks to be almost about to cross the 0 line and I guess that will be the start of the rally into late August early September. On the daily I guess we could see a few more sideways days and be good if we did to get that stochastic down a bit but wouldn't be surprised to see it go on from here to the 61.8 fib level. Nice wide bar last night, increase in volume, finished high. Lots of buying!
Cheers!
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |