Agree, that support which I think is around 5804 will be the next target range, which also completes a nice double top. Weakness in oil and iron ore, as well as the very recent weakness in the big 4 banks, will have the momentum to reach that level. It may not reach that on Monday as US had a boomer, last night as did Europe. But the recent trend for the XJO is down, and I think it unwise to bet against it.
Weekend Charting and Chat - 5th May 2017, page-3
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Last
7,971.1 |
Change
105.600(1.34%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,865.5 | 7,976.9 | 7,865.5 |
| XJO (ASX) Chart |