17/01 Week, page-2

Nsw active cases has begun to plateau
Which means hospital cases could peak this week

Until I see how the xjo starts I won't know for sure
I tend to ignore the news & focus mainly on charts

Personally, I think we should be doing our 200 point consolidation range this month (Dec/Feb the breakout months)

I'm guessing 7350-7550 (should've been 7450-7650 but too much bearish sentiment. Which is why we had the 3% drop 2 weeks ago)
Xjo failed to stay above 7450 last week but if sentiment improves this week, we could be staying above 7420 (new fence) & aim for 7520
Obviously 7390 has to hold this morning if there is any testing of the lows before/just after markets open

If the xjo can have a solid start this week, I still see 7600+ a possibility for end of month (at least after 25th January)
Then wait for the proper february rally after the end of January pullback

This could all change though once markets begin today
Have nothing to work with atm
All speculation, based on last weeks data