There is zero chance I am buying this market right now. I have actually sold most of my portfolio just holding the long term core.. for me to buy REA, CAR, MQG, FMG, PME , SQ2 again I need to see the Green Zone not the Red Zone brrrrrr....
If we follow the path of 2022 its a June low or the more common March low Either way I am not fussed; to buy this market I want to see value and potential and it is purely non existent.
I personally think this market is somewhat dangerous and potentially trap traders for few months.
The positioning is way too bullish for my liking to take big positions
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- 08/01 Indices
XJO
s&p/asx 200
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8,757.2

08/01 Indices, page-4
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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 |
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XJO (ASX) Chart |