XJO 0.37% 7,788.2 s&p/asx 200

21/02 Week

  1. 8,042 Posts.
    lightbulb Created with Sketch. 920
    7083 (SPI-F) gap just a few points below at ~7165 IG Cash. This one was quite stubborn.
    If things go south, we probably see the 6900 (SPI-F) gap filled at ~6982 IG Cash.
    Between here and there, there's support within the yellow box I guess.

    When comes the time for an squeeze, 7400 max-squeeze area (wedge backtest) is always a possibility.

    RSI touching the lower line on 1hr (bounce time?). But has more room to go down on 4hr, if bosses fancy capitulation.

    https://hotcopper.com.au/data/attachments/4102/4102845-52ee9a389baf45e1ec3bbe3cbcc15950.jpg

 
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