XJO 0.18% 8,300.2 s&p/asx 200

chris fords - rotten dog thursday, page-235

  1. sck
    3,388 Posts.
    MONTHLY PIVOT / SUPPORT /RESISTANCE for the XJO.....

    TARGET NOW is 4428


    R2 4568.00
    midpoint 4428.00
    R1 4288.00
    midpoint 4181.50
    PP 4075.00
    midpoint 3935.00
    S1 3795.00

    The Mechanics of the market.....just amazing

    August 9th low = 3766
    Sept 1st High = 4355.....RANGE 589 POINTS in 23 days

    Oct 4th low = 3840
    add range of 589 and 23 days.....we get 4429 on the 27th OCT

    SO we have RESISTANCE OF 4428/4429 using ranges as well as Pivots

    on top of this, 4428 will hit 200 day EMA

    VERY INTERESTNG


    tomorrow is 28th...could be 1 day out...lets see

 
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