It is important to remember we sold off on Friday in anticipation of US Friday night.
Was 31 pts enough compared to a Dow 166?
Perhaps not.
However the record is clear. When we preempt the US and the US has its first day dive and we gap down again at the next open by 49 pts if SYCOM is correct, then we should be looking for a rally NOT a further decline.
OK, maybe geopolitics have worsened. IF not then chasing the short side on Monday seems unwise.
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Last
8,741.4 |
Change
64.200(0.74%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,677.2 | 8,745.5 | 8,677.2 |
| XJO (ASX) Chart |