elliott wave analysis of xjo & spi, page-16

XFJ

A new high would look much better for this idea, so similar setup as per the XJO idea.So XJO and XFJ potentially completing a 5 wave advance from the June 2013 lows.

I have already noticed some of the financials already showing weakness, the one stock that appears to be still at the highs is CBA, so it appears that we need to see CBA reverse as well.

In order for the XJO to reverse the financials will need to reverse, so eyes on any weakness on XFJ next week.