XJO 0.10% 8,212.2 s&p/asx 200

redbacka's - bald as a billiard ball thursday, page-64

  1. 4,710 Posts.
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    hey Blues, sorry should have mentioned they're fib clusters not price clusters, so what I'm looking at is converging fib levels from specific structures.
    As an example NAB 61.8 from April high to June low, plus the 261.8 from the base and you're right at todays close.
    Given the close was bullish there is the possibility of a number of gaps appearing tomorrow, if so almost none of them will remain open so I would expect selling pressure to come through at some point so that todays high levels are tested again.
    If tonight is red then most likely there will be volume behind any selling, especially for a Friday and a real risk of a short term top may be in place.

    Cheers
 
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