XJO 0.74% 8,285.2 s&p/asx 200

xjo weekend zoomba lounge, page-167

  1. 1,937 Posts.
    spx weekly - inv H&S. in all likelihood we are tracking Apr2008 to a tee. plenty of reasons why 1300 won't break. if this top starts to roll over you'd sell into 1240/60.

    phase 1 buyers from 1100 will need higher volumes to sell profits into in order to partially/fully de-risk; so support at 1240/60 needs to show up on higher volume on pullback of this current uptrend. it will pull back somewhere.

    if 1240/60 fails look at 1170 for a centreline of a measured drop to 1070 RHS shldr of inv H&S

    SPX index WEEKLY - click image
 
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