I don't know whether to post in the weekend, or dance with the devil...
You know you're in an uptrend when the market ignores bad news and keeps going.
The question is, for how long...
The US has now caught up with us, with several indices at dynamic resistance, so need to take a breather, or crash through or crash.
Fast component of slow stochastics at overbought, just like our market, but slow component yet to catch up. A slight pullback often happens at this point.
Three charts:
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 (20min delay)
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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 |