Time for a posting.
Voltaire,
To follow-on from your post about a break out up or down.
Using BHP as proxy for an index break, IMO BHP had a very significant break down below a key uptrending support line at $28 in the last 10 minutes. Assuming this is not a false break, it gives me a very short term target of $24.50-$25.50.
XAO/XJO has a very similar uptrending support line to BHP. At the moment it appears to be slightly below the line.
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