XJO 2.11% 7,943.2 s&p/asx 200

Jeeper - Sorry i dont get up till a few hours into your session,...

  1. 178 Posts.
    Jeeper - Sorry i dont get up till a few hours into your session, I am not Australian or live in Australia, so i cant help out, i have very erratic trading hours, depending on the markets, i tend to adjust my sleeping pattern as i am full time, not an investor.

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    XJO/SPI

    I noticed CBA could have put in a small 5 wave decline, so a 3 wave bounce into the 73.50 area could support the XJO for a move higher.

    As this is sitting on support, its possibly a small b wave of wave [ii] and it spikes back to test this weeks highs around 5560 to complete wave [ii]

    Although i dont see much happening before the w/e.

    I am both bearish on XJO and CBA, providing any bounce remains under their respective previous peaks.

    XFJ has not confirmed the move on XJO, so that's a divergence

    Nouf


 
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