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Weekend Charting and Chat, page-23

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23/06/18

14:17

Post #: 33902505
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Originally posted by Nick78 ↑

Correct, AUD is +0.92% at 7446

Cause of concern though is Brent crude WTI is +5.5%
Also in ADR most of the banks are +ve. CBA is +2.76%, westpac 2.2%, and ANZ is 3.88% BHP 2.19%, RIO 1.35%

But yes, despite all this looks like due to AUD, SPI f did tried to break above 6200 twice (when us market opened and again 2 hours late)and failed and also tried to break down 6175 and shot up from there twice and closed at 6181.

Yes, who knows what weekend and Monday will bring.

AS per the previous post some of the brokers predicted ASX200 to be around 6300 by end of 2018 we are just half way through and already at 6300.

Financial sector lost nearly 448 points in 5 weeks and recovered all of them in just 6 days and above previous high of 08/05/2018.

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Your comment regarding the losses and then rapid gains for the banks indicates that markets are neither perfectly efficient nor rational.

XJO Value at posting: 6,225.2
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