First post in CFD thread - I only really trade CFDs and find the Commsec forums immensely boring regarding this topic.
Aus200 looks heavily overbought IMO with RSI of 77%, S Stoch at 95% and MACD approaching 20 (all on the 4-hour chart).
5600 seems to be a magic psychological number, either steamrolling above or below it. With so much green in the US lately, I don't think our market has responded with the same magnitude of gains and enthusiasm.
What's everyone's thoughts on direction of Aus200 for the next two days? I would consider it likely it will finish weak if not down this arvo, and the Dow will probably run red tonight.
