Minotaur is correct it is trading at the upper trendline of a bearish or rising wedge.
I have also shorted the index and have some more sells if it decides to spike up a little more; but at 4080... hasta la vista I am out of there.
RSI is in a type bearish divergence and looks a tad over cooked. Worth a short position, but won't pay if you are a zealot bear and refuse to take a loss.
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |