XJO down -0.96% today. Volume and issues traded remain low.
Lack of interest in the market is allowing bears the opportunity to push the market lower. It is now at a critical stage.
We need to see a big move to the upside in the next day or so.
BHP looks ready to pull-back:
The 200-Day MA has been resistance since mid-April. The stock, although up today, pulled back from that level after being up early in the day.
Like BHP and the XJO, many stocks and sectors are hovering around the 200-Day MA – the line between a bullish and bearish market.
We need to see a strong up from these levels to avoid a serious correction.
RB.
International Rock Thursday, page-4
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Last
8,212.2 |
Change
8.500(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,203.7 | 8,225.5 | 8,203.7 |
| XJO (ASX) Chart |