So I'm a little iffy on this, but it's actually not terrible...
US500 has backtested the previous highs and bounced a bit,
while filling only half of the gap that was made over that level.
A healthy distance above the 20 day EMA, but may need to tag it in the near future.
Our ASX200 fell just under the 50 day MA,
and perfectly tagged the channel...
You could view that as an Inverse Head & Shoulders type setup.
Keeping in mind that a previously violated trendline is not quite as strong support...
on Friday I thought it was worth shifting back out of cash, to Oz shares again.
So we'll see how that goes from Monday.
BTFD... cautiously.
