XJO 0.39% 8,013.4 s&p/asx 200

Indices 24/6

  1. 6,526 Posts.
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    I'll create a new thread since nobody else wants to

    I disagree with most (like usual)

    I already explained in my post from last week
    Xjo should've sold from 7900 back to 7700
    But instead it oversold initially down to 7700 when it should've pumped back to 7900 after the 11th June
    Then moved back up to 7800 when it should've sold from 7900 back to 7800
    Then tried to sell back to 7700 at the end of last week
    Unfortunately it stalled today trying to do that

    XJO market hasn't done enough yet to justify a selloff yet
    Still trying to bait people to go short
    & it's working well (we've already seen some people with bad short entries again)

    At least the xjo is back to honest pricing again

    Unless something drastic happens 7700 should hold & we'll be back at 7900 soon enough

    The only way we temporarily fall is the US has to roll over this week
 
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