AIS - EW Chart, page-1828

My trading and charting data is operated within totally different systems and accounts to my usual social media systems, so posting charts is difficult, unless I literally take a pic on my phone.

So, I will try to describe what I am seeing, and the exceptional charting talent on here can hopefully make sense of my babbling.

The 30 min chart since the 19th has bounced below the Bollingers and has hit the 20 period ma , then retraced each time.

RSI and Stoch's have definitely flattened, and the SP MIGHT approach the bottom of the bands around the .515 mark, as @white_man has pointed out. Almost in time with the quarterly as well, which adds to the excitement.

If we honour the bottom of the band, alongside a reasonable 1/4terly , then entry at this point could be profitable.

HOWEVER, if the SP punches through this price point, the quarterly is average, or yet another cap raise is required, then yowch!

So far, the SP is holding around.53 , so some current strength still, at this point.

The market might waiting for the Fed decision, and to digest China's economic outlooks as well, in order to see the direction copper futures might take in the short to medium term.

One thing that that I find very interesting are the new Macquarie ads on social media, with advertised long term fixed mortgage rates around the 5.6 5.9%, which does look like they might believe that interest rates may actually be topping out shortly.

If the stars do align, entry soon , could be quite attractive.

Excellent thread too by the way, with some fantastic information being posted regularly, by members.

It has more poignancy than what many brokers are prepared to give, and it's free!

If you are a beginner or new buyer, be appreciative of the time and effort these members have donated, every time they post.