11/09 Indices, page-238

Quick update on the Aussie as chart speaks for itself.

Mentioned last week if China could pull some stimi out that'd kick BHP up and in turn kick XJO higher and we saw that play out pretty much to the letter.

However, as you know all stories don't have fairytale endings and seems that China thing wasn't all was cracked up to be.

Did mention XJO needed to get a leg up into 7200 and from there the ride back to 7307 should have been easy - and seems was a little too easy.

Friday morning mentioned the biggest level of the year - 7321 - was one to watch and it certainly was with the HOD being that exact number.
(gotta love when things like that just work).

After the rejection things unwound fast and now it seems we are back in the void.

Obviously China didn't close out very well by losing a key support I've mentioned numerous times and US markets closed out poorly also (which is very often the case on big opex days).

Momentum is down, however there are a few key MAs just below and the void really is open to manipulate if MMs wanted to (which is a high possibility leading into Fed decision mid week)

Aussie 200 Daily


Hopefully you all made a few bucks with more to come this week.

On that note remember to play safe, DYOR and good luck whichever way you trade...