XJO 1.25% 7,777.7 s&p/asx 200

Yorkshire Monday, page-18

  1. 2,601 Posts.
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    I can see S/T resistance at today's high(so far?)... Taking a look at the XJO S/T "Fork" charts we can see we reached a confluence of important tynes(pink and yellow) and just below another tyne on the Bullish green Fork.  Supporting this is the CCI50 indicator, a "smoothing" indicator, which is showing -ve divergence(as you would expect with such a steep price move...since the 5051 low) but has also broken its steep (yellow) uptrend line and back_tested. However, this indicator would need to break below the "0%" level and/or the blue downtrend line to confirm further weakness ... All S/T though!

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