XJO down heavily today -0.97%.
That takes the XJO down below the 200-Day EMA. Bearish.
It looks like my template is playing out.
Until we get down to horizontal support – or we see a clear reversal signal on the chart, avoid any long buying decisions.
The only two positive sectors today were Utilities (XUJ) and Property (XPJ). That doesn’t mean a lot for those two sectors but they were rewarded for their defensive qualities today.
RB
XJO down heavily today -0.97%. [IMG] That takes the XJO down...
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Last
7,750.7 |
Change
-16.800(0.22%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,767.5 | 7,767.5 | 7,710.3 |
| XJO (ASX) Chart |