That hanging man looks even more pronounced on the spi200 futures printed on my chart. This is a cfd so I am not sure how close it tracks the actual spi futures but I was hoping it was not what the name suggest!
5683 is the area of support and mid point of the bottom range. As price move to the over head block, above 5761, I reckon it needs some good fundamental news to get the bulls moving and not just technical traders. If price can get over the short term resistance of 5761 and close above strongly at least on daily post NY Close then I am prepared for a lot of emotive whipping action as it move straight into a sideway block of 3 months.
That hanging man looks even more pronounced on the spi200...
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Last
8,205.4 |
Change
55.400(0.68%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,150.0 | 8,210.6 | 8,147.5 |
| XJO (ASX) Chart |