XFJ to hit around 6660, dead cat bounce for ASX. Wonder if some FIB experts could chart this, would be very helpful to everyone? The bank rally looks to be at around 50% of the target from the recent lower low. I hope this ain't a one day bounce.
This could be the end of the bull rally for the ASX when the financials make a lower high around 6666 unless materials save us?
I'm Currently holding a short position of the US indexes, could the sell off in tech tech giants be the beginning of the end? Note; Trump will be unnerving many Fund managers though the flow on effect will take weeks to months as the funds/banks take time to first pump then offload. I think we are at the halfway mark I'm expecting the US to tank within a few months or at least a healthy pull back.
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