First point of ' interest' would be 6770 ( quick CommSec reference) , then 1606 looks to be a stronger support.
As you say, if it holds around .165, then one could assume that this is the floor.
With such a big gap down on the USNDX last night, will there be a dead cat bounce on Fridayish on that index, or will it even out and crawl slowly back upwards.
This fallaway looks more an attractive top up level for cxm rather than an actual tip downwards towards a lower channel.
I have a hundred K waiting to see what direction it moves..
CXM Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
