For the Armstrong model this is a right neckline.
If you go back 2 full cycles you get to the Jan '91 low.
That right neckline was for about Jan 9 from memory. The low was actually Jan 16/17.
So it certainly would not be out of place for this low to be March 31 even.
That would actually make my monthly charts look more convincing.
We are left with what I suspected.
The US trading 2 days before we trade again and anything could happen.
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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 |