I noticed the same thing Kevi. No short term up-swingers in my...

  1. 815 Posts.
    I noticed the same thing Kevi. No short term up-swingers in my scans...none of note anyway.

    Ords today has just passed back through the long term resistance (red line) from all time highs, indicating a failed breakout (or failed attempt at a new bull market). The blue line is a smoothed long term MA. You can see the last time we were above that was about a year ago.

    chart:
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.