yep XAO looks crap, I’m seeing another 400ish point drop before there is any significant support.
looking back quickly it looks like these past couple weeks is the first time the XAO has properly rejected the 65 ema without trading above it at all. Which is usually the signal of a trends direction. Eg, dipping below 65 ema and rejecting it on the retest pulls a pretty significant mid/long term down trend into play.
been a sideways market for years now so I would like to see a trend direction, I hate sideways markets
