This sideways track is just unwinding the sharply oversold short term indicators whilst maintaining the strongly downside momentum indicators on longer timeframes IMO.
I have it just below halfway point of a downtrend channel from the high last week, if it keeps going sideways eventually it will run into the top of the channel for its next leg down - i can hope!
It will take until tomorrow morning for that to happen though.
completely unrelated - monday, page-7
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Last
7,953.2 |
Change
-36.400(0.46%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,989.6 | 7,989.6 | 7,894.3 |
| XJO (ASX) Chart |