all banks stalled at their weely pivot 50% and being supportted...

  1. 1,356 Posts.
    all banks stalled at their weely pivot 50% and being supportted at their 3 day balances points. Banks are waiting for some indicators to catch up from the past 2 days and the 2nd half of the day to give them their next move.

    I'll be looking for them to take out todays highs to feel a bit more comfortable.

    SPI trading above those levels and its weekly 50% is at 2935, whether it wants to drop back to that level in the arvo before it makes its next move upwards is something i'm waiting for.

    both the banks and SPI are at opposites at the moment so just waiting for one to make its move in the 2nd half of the day.
 
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