This market is not showing normal bearish character.
Sep SPI is at a good discount and that is not how it ever works.
Good market declines have SPI premiums because they think it is a small downward correction.
When the decline is almost over the SPI goes to big discounts as they all become bearish too late.
SO either this corection down is almost over OR the SPI will decide to revert to premiums and then it will continue down.
There is always a first for everything I guess and it would be a first if it continues as it is today.
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Last
8,668.2 |
Change
-89.000(1.02%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,757.1 | 8,757.1 | 8,648.4 |
| XJO (ASX) Chart |