X,
I agree. The SPI is now tracing out a definite downward channel on the hourly and hasn't made the upward channel line in its latest rally (weakness on weakness). I think this arvo will be a sell off, but don't know about holding shorts or longs over easter. The US market may be due for a further bounce off the 50 ma, which started last night. Its their earning season after all, and someone might report a penny over etimates...
afternoon sell-off ?, page-63
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Last
8,374.0 |
Change
73.800(0.89%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,300.2 | 8,446.4 | 8,300.2 |
| XJO (ASX) Chart |