If the market reverses shortly, I will term it as a running correction where the B wave exceeds the top of the 5th wave. This is something that does occur in extremely bullish situations & is not all that unusual.
Yesterday's price action tended to resemble a blow-off top.
Any rise on yesterday's close would appear to be artificial & purely a shorts squeeze.
The grossed-up yield on yesterday's high is 4.68%.
If the market reverses shortly, I will term it as a running...
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Last
$149.32 |
Change
2.060(1.40%) |
Mkt cap ! $249.8B | |||
| Open | High | Low | Value | Volume |
| $148.41 | $149.73 | $147.41 | $285.2M | 1.937M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2702 | $149.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $149.40 | 20 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CBA (ASX) Chart |