XJO 0.87% 8,283.2 s&p/asx 200

21/02 Week, page-3

  1. 6,593 Posts.
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    Australian international borders to open today, for the first time in 2 years (because of covid)

    Nsw covid cases & hospitalisation continue to improve as the omicron wave has peaked January (without lockdown needed)
    I focus on nsw as it is the largest state economy & half the Australian population

    Everyone seems to have forgotten about covid, as the Russia/Ukraine distraction interferes with the real reason markets have been showing weakness

    If the xjo is going to have a correction because of all the covid negativity, surely with all the positivity, markets should start showing support again

    I always say to trade the charts & not the news
    So if support doesn't hold today, then all this positivity will mean nothing
 
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