My broker had suggested resistance levels for the Sep SPI at 6154, 6173, 6180, 6189.
The Sep SPI closed at 6190 last night, after hitting a high of 6194. It went through all those levels as if they weren't there.
After the US markets rise on Friday, I think we're going to see a bit up upward momentum build at the start of next week. Still a bit of catching up to do. I'll also be looking for higher volumes on the way up as those buyers waiting in the wings enter the market. We'll see a short lived bit of a frenzy after breaching the recent market high. This signals the top, time to get out (for me) and sit back and re-evaluate.
Well, that's my "hunch". :-)
-Mark
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |