If I wanted to refine a low I would look first at the previous low which was SPI 2679.
2679 was a 670 multiple (670X4=2680). 2X670 or 1340 (actually 1341) was also a major low.
This would be powerfull support give or take a few points.
Hey, but getting way ahead of myself here, especially when the US is still trying the upside.
Whether you take Laundry's channels or BB's or dynamics, it seems the US can only creep at best. Dilernia says monthly is about 1280 but I calc at 1303 FWIW.
RSI is broken here but my Wilder 27 ma has held, so I exited short term shorts about 15 pts off today's lows and am in watch mode.
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Last
8,630.3 |
Change
59.900(0.70%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,570.4 | 8,632.8 | 8,570.4 |
| XJO (ASX) Chart |