XJO 0.88% 7,959.3 s&p/asx 200

correction getting much closer now., page-114

  1. 17,444 Posts.
    lightbulb Created with Sketch. 57
    We had 5 days down which exceed McLarens 1 to 4 days for a minor correction and now have 4 days up.

    I have seen 5 days down that was all, but tomorrow needs to exceed todays high to invalidate the potential larger correction.

    We still seem to be in various expanding triangles world wide which are potential topping patterns.

    On weekly RSI, April was like April '87, May was like May'87 and June so far is like June '87.

    As GSE1963 suggested, June needs to be subdued to allow another 3 months up.

    IF not then I think it means down into Oct/Nov. If so then more upside before a sharp drop into Oct/Nov.
 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.