SPX has has now put in a double bottom (30 minute). If the trend is still up, it would be a high double (tweezer) bottom and provide support here. If the trend is down, it's unlikely to hold so what happens here will assist with the qualification of the move. If it is breached the manner of the breach will assist with qualification of the move down. The lower % retrace up before the breach the more powerful the move down. Gut feeling is the move down will gain momentum. Would like to see our market give some up today. BHPADR off close to 0.5% after hours.
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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 |