OK, so my logic would be placed in fear - fear is rife. No-one will think about putting highly leveraged money into stocks TODAY. What happens if the US market falls further, they can always invest on monday.
Same for the US - what happens if something bad happens over the weekend - there is always monday.
Based on that, I think we could see the market drop further later in the day, and then on monday.
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Last
8,561.8 |
Change
-68.500(0.79%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,630.3 | 8,630.3 | 8,544.7 |
| XJO (ASX) Chart |