The XJO appears to be trying to disconnect from the S&P500. Since the end of January the XJO has flattened out while the S&P500 has continued upwards.
My interpretation is that, when the next correction begins, the XJO will probably fall harder than USA markets.
Now may be a good XJO shorting opportunity because if the XJO keeps going sideways then it is a relatively safe bet, with a close stop in case it does break upwards again.
The XJO appears to be trying to disconnect from the S&P500....
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Last
7,822.3 |
Change
-9.500(0.12%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,831.8 | 7,831.8 | 7,807.7 |
| XJO (ASX) Chart |