What is clear cut is that weekly momentum is on the verge of turning increasingly bearish - with the ass about to fall out of this market very shortly. Distribution has just about wound-up, with the commencement of bearish weekly momentum likely suggesting more downside in PA over the next several weeks to several months.
Further confirmation would be a breakdown below 5630 sup over the next couple weeks. STFR..
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Last
8,668.2 |
Change
-89.000(1.02%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,757.1 | 8,757.1 | 8,648.4 |
| XJO (ASX) Chart |