Couple things just for intrest ,the SPI and emini SP.
First of all is the reference points
( the relationship between ref 1. and 3.)..
the SPI is clearly bearish , yet the leader the SP is clearly horozontal..HMMM , why is it so ?? our dollar lost aprox 3% last week that could explain it..I'm no economist or expert so I don't try to figure these things out ..but perhaps our little market is a bit over sold..however the chart is not telling me to rush in to by and hold ..I'm still looking to sell any strength.
Just for intrest I marketd the relationships between the vertical and horozontal on the way down.The main trend has been down ..and the reference points reflect that ..however along the way it settled into a series of trading ranges..
the first on shows that in that little range the market used up 32 30 min time slots , of those 20 or 62% of those slots traded at the most traded price for the range.Currently we have 18 of 31 at 4580 ..or 58% ..might be enough to shut off the down side for now...we reconnect with the upside above 4622.good luck.
- Forums
- ASX - By Stock
- XJO
- monday trading
monday trading, page-3
-
- There are more pages in this discussion • 37 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
(20min delay)
|
|||||
Last
8,183.0 |
Change
-25.900(0.32%) |
Mkt cap ! n/a |
Open | High | Low |
8,208.9 | 8,214.9 | 8,176.8 |
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