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0.52%

7,626.8 s&p/asx 200

STW is a proxy for the Aussie market during the ASX normal...

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5hareholder

6,590 Posts.

256

07/08/23

05:20

Post #: 69190508
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Originally posted by ClarkKent: ↑

"On 27 July, STW broke above the old Support/Resistance zone which had played a part in the XJO for a few months. That upside break proved to be a false break and the Index fell back through the zone on heavy volume on 2 August."

Why do you continue to carry on with this newbie drivel?

STW says nothing about the ASX 200 its the other way around.
It a bloody ETF, FFS !
It holds the XJO stocks.
The ASX or the ETF issuer appoint a market maker for the ETF.
Each day the market maker is told the current composition of the STW holdings and ensures that as the markets move the ETF trades as close to its underlying NAV as possible.
Nothing more, nothing less.
The XJO drives the price of the ETF.
And they move in tandem.
Below is a chart of ASX 200 and STW for the past week or so.
Total unison! (Am I the only one who can read charts round here?)
Come to your senses people !

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STW is a proxy for the Aussie market during the ASX normal trading hours, dummy.

Last edited by 5hareholder: 07/08/23

XJO Value at posting: 7,325.3
3 Upvote

0 Great analysis

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