Good news for bears is that it appears this bear market rally has finally convinced everyone that XJO is heading to 10K.
Smart money continues to sell into this rally. Pump the low cost low volume imaginary night market. Sell into it during the day. The key is to hold the backtest levels to attract retail buyers. This is often hard for retail to see since they assume smart money chases peaks and bottoms like retail do.
Anyhow, for now, bulls are enjoying this final phase of their budget 2022 extended run.
21/03.week, page-174
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Last
7,793.6 |
Change
24.200(0.31%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,769.4 | 7,796.9 | 7,753.9 |
| XJO (ASX) Chart |